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Demand estimation using managerial responses to automated price recommendations

García, Daniel; Tolvanen, Juha; Wagner, Alexander K. - 2021

We provide a new framework to identify demand elasticities in markets where managers rely on algorithmic recommendations for price setting, and apply it to a dataset containing bookings for a sample of mid-sized hotels in Europe. Using non-binding algorithmic price recommendations and observed...

Persistent link: https://www.econbiz.de/10012534709

Can job search assistance improve the labour market integration of refugees? : evidence from a field experiment

Battisti, Michele; Giesing, Yvonne; Laurentsyeva, Nadzeya - 2018

refugees in Germany. The treatment group received job-matching support: an NGO identified suitable vacancies and sent the … refugees' CVs to employers. Results of follow-up phone surveys show a positive and significant treatment effect of 13 … percentage points on employment after twelve months. These effects are concentrated among low-educated refugees and those facing …

Persistent link: https://www.econbiz.de/10011924505

Big data analytics : a new perspective

Chudik, Alexander; Kapetanios, George; Pesaran, M. Hashem - 2016

Model specification and selection are recurring themes in econometric analysis. Both topics become considerably more complicated in the case of large-dimensional data sets where the set of specification possibilities can become quite large. In the context of linear regression models, penalised...

Persistent link: https://www.econbiz.de/10011444508

The social dilemma of big data : donating personal data to promote social welfare

Hillebrand, Kirsten; Hornuf, Lars - 2021

When using digital devices and services, individuals provide their personal data to organizations in exchange for gains in various domains of life. Organizations use these data to run technologies such as smart assistants, augmented reality, and robotics. Most often, these organizations seek to...

Persistent link: https://www.econbiz.de/10012485324

The gender pay gap revisited with big data : do methodological choices matter?

Strittmatter, Anthony; Wunsch, Conny - 2021

The vast majority of existing studies that estimate the average unexplained gender pay gap use unnecessarily restrictive linear versions of the Blinder-Oaxaca decomposition. Using a notably rich and large data set of 1.7 million employees in Switzerland, we investigate how the methodological...

Persistent link: https://www.econbiz.de/10012438342

British stock market, BREXIT and media sentiments - a big data analysis

Basak, Gopal Krishna; Pranab Kumar Das; Marjit, Sugata; … - 2019

In this paper we show, using a Machine Learning Framework and utilising a substantial corpus of media articles on Brexit, confirmed evidence of co-integration and causality between the ensuing media sentiments and British currency. The novel contribution of this paper is that along with...

Persistent link: https://www.econbiz.de/10012038978

Market efficiency in the age of big data

Martin, Ian; Nagel, Stefan - 2019

Modern investors face a high-dimensional prediction problem: thousands of observable variables are potentially relevant for forecasting. We reassess the conventional wisdom on market efficiency in light of this fact. In our model economy, which resembles a typical machine learning setting, N...

Persistent link: https://www.econbiz.de/10012156724

Academic migration and academic networks : evidence from scholarly big data and the iron curtain

Kamel, Donia; Pollacci, Paura - 2023

Iron Curtain and Big Data are two words usually used to denote completely two different eras. Yet, the context the former offers and the rich data source the latter provides, enable the causal identification of the effect of networks on migration. Academics in countries behind the Iron Curtain...

Persistent link: https://www.econbiz.de/10014251887

Between fear mongers and Samaritans : does information provision affect attitudes towards the right of asylum in Germany?

Hayo, Bernd; Neumeier, Florian - 2020 - This version: 1 July 2020

associated with accepting refugees, (iv) the share of Muslim asylum-seekers, and (v) the share of war refugees. We find that … providing information about the fiscal costs associated with accepting refugees, and about the share of Muslim refugees … share of Muslim refugees are 18 percentage points more likely to call for abolishing the right of asylum when informed about …

Persistent link: https://www.econbiz.de/10012244491

The impact of welfare chauvinism on the results of right-wing populist voting in Germany after the refugee crisis

Bartholomae, Florian W.; Nam, Chang-woon; Rafih, Pierre - 2020

Based on an extended welfare chauvinism concept that more systematically integrates the labor market and public finance aspects, this paper examines the impact of the refugee crisis − which culminated in the EU in 2015/16 − on changes in voting behavior in Germany (revealed in the two German...

Persistent link: https://www.econbiz.de/10012299813