Global Robots

Fabrizio Leone

No 2403, CEPREMAP Working Papers (Docweb) from CEPREMAP

Abstract: The diffusion of automation technology raises questions about the future of work, leading to calls for regulation. The ongoing discussions center on the decisions of technology adopters. In this paper, I study how supply-side adjustments shape the effects of policy interventions. I focus on the global market of industrial robots, a leading type of automation technology, where a few multinational enterprises (MNEs) dominate sales. To evaluate how these MNEs respond to policy changes, I collect new data on their characteristics and global sales networks. I then develop and estimate a multi-country general equilibrium model featuring oligopolistic multinational robot sellers. Using this model, I find that MNEs’ market entry and pricing responses transmit internationally and amplify the aggregate and distributional effects of policies targeting robots.

Keywords: Multinational Enterprises; Market Power; Automation (search for similar items in EconPapers)
Pages: 92 pages
Date: 2024-05
New Economics Papers: this item is included in nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:cpm:docweb:2403

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