33,473 research outputs found
Expectations, Network Effects and Timing of Technology Adoption: Some Empirical Evidence from a Sample of SMEs in Italy
We provide evidence on the influence of expectations and network effects on the timing of technological adoption. By considering a sample of SMEs operating in Italy we focus on the determinants of their decision to adopt Fast Ethernet, a communication standard for Local Area Networks (LANs). We find that both expectations and network effects significantly affect the timing of adoption. In particular, price expectations generally tend to delay adoption and (indirect) network effects in the form of backward compatibility as well as informational spillovers tend to foster adoption. Firm size also matters.diffusion, network effects, expectations, LAN equipment, SMEs
Supporting Regularized Logistic Regression Privately and Efficiently
As one of the most popular statistical and machine learning models, logistic
regression with regularization has found wide adoption in biomedicine, social
sciences, information technology, and so on. These domains often involve data
of human subjects that are contingent upon strict privacy regulations.
Increasing concerns over data privacy make it more and more difficult to
coordinate and conduct large-scale collaborative studies, which typically rely
on cross-institution data sharing and joint analysis. Our work here focuses on
safeguarding regularized logistic regression, a widely-used machine learning
model in various disciplines while at the same time has not been investigated
from a data security and privacy perspective. We consider a common use scenario
of multi-institution collaborative studies, such as in the form of research
consortia or networks as widely seen in genetics, epidemiology, social
sciences, etc. To make our privacy-enhancing solution practical, we demonstrate
a non-conventional and computationally efficient method leveraging distributing
computing and strong cryptography to provide comprehensive protection over
individual-level and summary data. Extensive empirical evaluation on several
studies validated the privacy guarantees, efficiency and scalability of our
proposal. We also discuss the practical implications of our solution for
large-scale studies and applications from various disciplines, including
genetic and biomedical studies, smart grid, network analysis, etc
Empirical models, rules, and optimization
This paper considers supply decisions by firms in a dynamic setting with adjustment costs and compares the behavior of an optimal control model to that of a rule-based system which relaxes the assumption that agents are explicit optimizers. In our approach, the economic agent uses believably simple rules in coping with complex situations. We estimate rules using an artificially generated sample obtained by running repeated simulations of a dynamic optimal control model of a firm's hiring/firing decisions. We show that (i) agents using heuristics can behave as if they were seeking rationally to maximize their dynamic returns; (ii) the approach requires fewer behavioral assumptions relative to dynamic optimization and the assumptions made are based on economically intuitive theoretical results linking rule adoption to uncertainty; (iii) the approach delineates the domain of applicability of maximization hypotheses and describes the behavior of agents in situations of economic disequilibrium. The approach adopted uses concepts from fuzzy control theory. An agent, instead of optimizing, follows Fuzzy Associative Memory (FAM) rules which, given input and output data, can be estimated and used to approximate any non-linear dynamic process. Empirical results indicate that the fuzzy rule-based system performs extremely well in approximating optimal dynamic behavior in situations with limited noise.Decision-making. ,econometric models ,TMD ,
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