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We nowcast world trade using machine learning, distinguishing between tree-based methods (random forest, gradient boosting) and their regression-based counterparts (macroeconomic random forest, linear gradient boosting). While much less used in the literature, the latter are found to outperform...
Persistent link: https://www.econbiz.de/10014374780
Today's economy is characterized by increased competition, faster product development and increased product differentiation. As a consequence product lifecycles become shorter and demand patterns become more volatile which especially affects the retail industry. This new situation imposes...
Persistent link: https://www.econbiz.de/10011656506
KI-Modelle und Machine-Learning-Anwendungen halten Einzug in die alltägliche Praxis von Unternehmen und können mitbestimmt werden. Um die Interessen und Rechte der Beschäftigten zu berücksichtigen und zu schützen, sollten die aktuellen Regelungen in betrieblichen IT-Vereinbarungen...
Persistent link: https://www.econbiz.de/10012669333
Scientific, political and bureaucratic elites use epistemic practices like “big data analysis” and “web scraping” to create representations of the citizenry and to legitimize policymaking. I develop the concept of “demos scraping” for these practices of gaining information about...
Persistent link: https://www.econbiz.de/10012222234
The economic characteristics of software and transaction costs explain, why closed source and open source software co … say, a first best realization of contracts is not feasible. Hence, open and closed source software are two second best …
Persistent link: https://www.econbiz.de/10010273765
There is considerable debate regarding the use of intellectual property rights (IPR) to spur innovation in the software … developing a growth optimal mixture of open source and closed source software. This optimal scenario is then used as a basis to … examine the co-existence of open and closed source software within various institutional frameworks ranging from no protection …
Persistent link: https://www.econbiz.de/10010273790
Software is a good with very special economic characteristics. Taking a general definition of software as its starting … and cost structure, the demand, the contestability of software-markets, and the allocative efficiency. In this context it … appears to be reasonable to subsume the various characteristics under the following generic terms: software as a means of data …
Persistent link: https://www.econbiz.de/10010273764
A review of the basic theory of optimal open-source software contributions points to three key factors affecting supply … large-scale software developer surveys are inadequate for measuring the relative importance of these three factors. Moreover …
Persistent link: https://www.econbiz.de/10010268441
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