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Due to computing and communication facilities, formal procedures, often referred to as "algorithms", are now … discuss some of the economic risks generated by the power of algorithms. …
Persistent link: https://www.econbiz.de/10011822644
classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection … innovative sales. The model is estimated for eleven industries based on the Dutch Standard Industrial Classification (SBI 1993 …
Persistent link: https://www.econbiz.de/10011449855
Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks, such as product searches, portfolio choices, and human resource procurement. These tasks often involve a trade-off between exploration and exploitation, which can be highly...
Persistent link: https://www.econbiz.de/10013482224
identifies typical characteristics of extreme (archetypal) values in a multivariate data set. Each entity under investigation is … contrast to its predecessor, the archetypal analysis, archetypoids always represent actual observed units in the data. The … classification changes when for four and five archetypoids are considered. …
Persistent link: https://www.econbiz.de/10012156376
allows us to identify typical characteristics of extreme (archetypal) values in a multivariate data set. In contrast to its … predecessor, the archetypal analysis, archetypoids always represent actual observed units in the data. Using bibliometric data …
Persistent link: https://www.econbiz.de/10012599140
We analyze competition between data intermediaries collecting information on consumers, which they sell to firms for … price discrimination purposes. We show that competition between data intermediaries benefits consumers by increasing … competition between firms, and by reducing the amount of consumer data collected. We argue that merger policy guidelines should …
Persistent link: https://www.econbiz.de/10012628762
Data is often at the core of digital products and services, especially when related to online advertising. This has … made data protection and privacy a major policy concern. When surfing the web, consumers leave digital traces that can be … Facebook's tracking technology. Small differences between Facebook users and non-users are largely explained by differing user …
Persistent link: https://www.econbiz.de/10012817878
remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a … social science, namely reactivity, i.e. human beings systematically respond to economic data, and in particular to …
Persistent link: https://www.econbiz.de/10011700543
Envelopment is an effective form of market entry that facilitates competition among platforms. Nevertheless, many commentators have focused on the anticompetitive potential of envelopment, and some have argued for regulation of platforms because of that concern. These calls for regulation are...
Persistent link: https://www.econbiz.de/10012485350
-collected and assembled from more than 50 sources. The data reflect 150 years of regional development and disparities in Germany …
Persistent link: https://www.econbiz.de/10013287977