In this paper we use detailed data on 4,599 hotels located in Rome collected from TripAdvisor, the world's largest travel platform, to examine the causal effects of bubble ratings (detailed to half-bubbles) on hotel popularity measured with the number of people viewing the hotel’s page. By...

In this paper, we compare two fundamentally different judgmental demand forecasting approaches used to estimate demand and their corresponding demand distributions. In the first approach, parameters are obtained from a linear regression and maximum likelihood estimation (MLE) based on team...

We derive a general expression for the value of information to a price-taking investor in a dynamic environment and provide a framework for its estimation. We study the value of both private and public information and break it down into its instrumental and psychic parts. To illustrate, we...

We introduce evolutionary dynamics for two-action games where agents with diverse preferences use statistical inference to guide their behavior. In each period, agents are randomly selected to revise actions. They draw a random sample of other agents’ actions, use statistical inference to...

Markennamen spielen eine wichtige Rolle im Wirtschaftsleben. Doch wie hoch ist ihr Wert wirklich? Der hedonische Preisansatz ist geeignet, den Wert von Markennamen auf Produktebene zu bestimmen. Er wird in dieser Arbeit vorgestellt und auf die Surfboard-Industrie angewandt. Die...

This study extends prior research on referee bias and close bias in professional soccer by examining whether Major League Soccer (MLS) referees’ discretion over stoppage time (i.e., extra play beyond regulation) is influenced by end-of-regulation match scores and/or home field advantage. To do...

We test the soccer myth suggesting that a particularly good moment to score a goal is just before half time. To this end, rich data on 1,179 games played in the UEFA Champions League and UEFA Europa League are analysed. In contrast to the myth, we find that, conditional on the goal difference...

Die sozio-ökonomischen Einflussfaktoren der Olympischen Medaillengewinne von 1960 bis 2004 werden mithilfe einer Tobit-Analyse geschätzt. Frühere Arbeiten werden bestätigt, wonach das Bruttoinlandproduktes pro Kopf, die Bevölkerungsgröße, der Heimvorteil, das Vorliegen eines...

This paper studies the determinants of repeat visiting in Uruguay, where loyal visitors are a relevant part of the total. From a statistical point of view the number of times a visitor has been to a place constitutes count data. In this regard available information on Uruguay present relevant...

The daily number of occupied hotel rooms in three large Swedish cities is modelled by an integer-valued and binomial autoregression. The model includes the capacity constraint and price variables are incorporated through the parameters of the model. The model implies a duration of hotel visit...