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Embedding as a pitfall for survey-based welfare indicators : evidence from an experiment
Hetschko, Clemens; Reumont, Louisa von; Schöb, Ronnie - 2017 - This version: March, 2017
interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a …
Persistent link: https://www.econbiz.de/10011638276
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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
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Do capital incentives distort technology diffusion? : evidence on cloud, big data and AI
DeStefano, Timothy; Johnstone, Nick; Kneller, Richard; … - 2024
The arrival of cloud computing provides firms a new way to access digital technologies as digital services. Yet, capital incentive policies present in every OECD country are still targeted towards investments in informational technology (IT) capital. If cloud services are partial substitutes for...
Persistent link: https://www.econbiz.de/10015071155
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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
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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
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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
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Using machine learning for measuring democracy : an update
Gründler, Klaus; Krieger, Tommy - 2021
We provide a comprehensive overview of the literature on the measurement of democracy and present an extensive update … indicator. Second, we calculate intervals that reflect the degree of measurement uncertainty. Third, we refine the … conceptualization of the Machine Learning Index. Finally, we largely expand the data coverage by providing democracy indicators for 186 …
Persistent link: https://www.econbiz.de/10012437859
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Micro-geographic property price and rent indices
Ahlfeldt, Gabriel M.; Heblich, Stephan; Seidel, Tobias - 2021
We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial …
Persistent link: https://www.econbiz.de/10012597680
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A general theory of price and quantity aggregation and welfare measurement
Hillinger, Claude - 2002
-homothetic case, these indexes are superior both to Fisher s ideal index and to the consumer surplus approximation. …
Persistent link: https://www.econbiz.de/10011514055
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The KOF Globalisation Index : revisited
Gygli, Savina; Haelg, Florian; Potrafke, Niklas; Sturm, … - 2018
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every … country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 …) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures …
Persistent link: https://www.econbiz.de/10011954444