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Investors increasingly can obtain assistance from "robo-advisors," artificial intelligence - enabled digitalized service agents imbued with anthropomorphic design elements that can communicate using natural language. The present article considers the impact of anthropomorphized robo-advisors on...
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Hidden Champions (HCs) are firms unknown to the wider public, but global leaders in the niche markets they serve. This paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on German firms, we identify a representative sample of...
Persistent link: https://www.econbiz.de/10011997801
Actors in various settings have been increasingly relying on algorithmic tools to support their decision-making. Much of the public debate concerning algorithms - especially the associated regulation of new technologies - rests on the assumption that humans can assess the quality of algorithms....
Persistent link: https://www.econbiz.de/10013499021
The adoption decision for durable goods is intertemporal by definition. However, estimating utility and discount functions from revealed preference data using dynamic discrete choice models is difficult because of an inherent identification problem. To overcome this issue, we use stated...
Persistent link: https://www.econbiz.de/10012139042
, consumers' willingness-to-pay for a AC1 reduction in fuel costs is below AC0.20). For this purpose, we use survey data on the … length of car ownership as stated by consumers to construct individual values of the present-discounted fuel costs. We then … the possibility to deduct a portion of annual fuel costs from taxes. Our results indicate that consumers' better financial …
Persistent link: https://www.econbiz.de/10011976135
The present study investigates how the framing of information on the environmental impact of vehicles affects consumers … consumer decisions. However, as this study demonstrates, the type of information presented to consumers significantly affects … consumers' valuation of environmental benefits from a reduction in FC or CO2. The study's contribution lies in quantifying the …
Persistent link: https://www.econbiz.de/10012033491
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Crowdfunding’s after-markets enable consumers to actively implement deferred payments and … thereby manage moral hazard. Popular crowdfunding platforms offer schemes that allow consumers to do so through conditional …
Persistent link: https://www.econbiz.de/10011590906
We analyze "Pay What You Want" as a business model for Open Access publishing by discussing motives leading authors to make voluntary contributions, potential benefits for publishers and present results from a field experiment at one publisher. Data from the field experiment indicate authors'...
Persistent link: https://www.econbiz.de/10011591534