Finance and Accounting Research Seminar With Professor Nicolas Crouzet
Department of Finance and Accounting
You are invited to attend a Department of Finance and Accounting Research Seminar with Professor Nicolas Crouzet, Associate Professor of Finance at Northwestern University, Kellogg School of Management.
| An UEBS Department of Finance and Accounting seminar | |
|---|---|
| Speaker(s) | Professor Nicolas Crouzet, Associate Professor of Finance at Northwestern University, Kellogg School of Management. |
| Date | 30 April 2024 |
| Time | 13:45 to 15:15 |
| Place | Building:One Marchant Syndicate Room A (Teams link available from a.mason3@exeter.ac.uk) |
| Organizer | Amber Mason |
Event details
Abstract
Intangible capital, non-rivalry, and growth
We provide an answer to why growth may slow even in the face of technological improvements. Our focus is on the role of intangible assets. Intangible assets are distinct from physical capital in that they are comprised by information that requires a storage medium. A reduction in replication costs for intangible assets enables them to be less rivalrous in use, stimulating growth. However, we show how limits to excludability create a countervailing force. Depending on the strength of property-rights institutions, growth may slow even as technology lowers replication costs for intangibles, enhances their non-rivalry, and creates economies of scale and scope.
We are delighted to welcome Professor Nicolas Crouzet from Northwestern University, Kellogg School of Management to present a seminar details of which are below along with sign up sheet.
Location:
Building:One Marchant Syndicate Room A
