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The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that …, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact …
Persistent link: https://www.econbiz.de/10013191089
effects of fake reviews on individual demand and welfare. We conduct an incentive-compatible online experiment with a …
Persistent link: https://www.econbiz.de/10014436967
Artificial intelligence (AI) is surpassing human performance in a growing number of domains. However, there is limited evidence of its economic effects. Using data from a digital platform, we study a key application of AI: machine translation. We find that the introduction of a machine...
Persistent link: https://www.econbiz.de/10012480572
General purpose technologies (GPTs) push out the production possibility frontier and are of strategic importance to managers and policymakers. While theoretical models that explain the characteristics, benefits, and approaches to create and capture value from GPTs have advanced significantly,...
Persistent link: https://www.econbiz.de/10012938736
specific feature and estimate its impact on lender demand. We then counterfactually evaluate alternative platform policies and …
Persistent link: https://www.econbiz.de/10013462682
cross-sectional variation. On average, the bias increases in the forecast horizon, and analysts revise their expectations …
Persistent link: https://www.econbiz.de/10012481146
aligns with extant measures of disagreement (e.g., analyst forecast dispersion), but is a significantly stronger predictor of … disagreement and future returns. A decile spread portfolio that is short stocks with high forecast disagreement and long stocks …
Persistent link: https://www.econbiz.de/10014337816
discrete choice models of demand compared to simpler alternatives. In 2013, Boston Public Schools (BPS) proposed alternative …. Pathak and Shi (2013) estimated discrete choice models of demand using families' historical choices and these demand models … were used to forecast the outcomes under alternative plans. BPS, the school committee, and the public used these forecasts …
Persistent link: https://www.econbiz.de/10012458802
substantiates both supply and demand effects of past price trends in housing markets, particularly with respect to subprime mortgage …-loan collateral values may have affected both the demand and the supply of mortgages. Standard time series models using repeat …
Persistent link: https://www.econbiz.de/10012463316
Can measured risk attitudes and associated structural models predict insurance demand? In an experiment (n = 1,730), we …
Persistent link: https://www.econbiz.de/10012480452