How do firms measure returns from their substantial investments in information technology? Lucas answers this question by providing a framework for measuring th

A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. I

The book addresses the practical needs of executives responsible for planning, budgeting & justifying information technology expenditures. Written by the former

We construct a vintage capital model of economic growth in which the decision to replace old technologies with new ones is modeled explicitly. Depreciation in t

Two experts on the information economy explore the true economic value of technology and innovation. A wave of business innovation is driving the productivity r