Consumption and habits : evidence from panel data

The purpose of this paper is to test for the presence of habit formation in consumption decisions using household panel data. We use the test proposed by Meghir and Weber (1996) and estimate the within -period marginal rate of substitution between commodities, which is robust to the presence of liquidity constraints. To that end, we use a Spanish panel data set in which households are observed up to eight consecutive quarters. This temporal dimension is crucial, since it allows us to take into account time invariant unobserved heterogeneity across households ("fixed effects") and, therefore, to investigate if the relationship between current and past consumption reflects habits or heterogeneity. Our results conf irm the importance of accounting for fixed effects when analyzing intertemporal consumption decisions allowing for time non-separabilities. Once fixed effects are controlled for and a proper set of instruments is used, the results yield supporting evidence of habit formation in the demand system of food at home, transport and services

New Technique to Enhance the Performance of Spoken Dialogue Systems by Means of Implicit Recovery of ASR Errors

This paper proposes a new technique to implicitly correct some ASR errors made by spoken dialogue systems, which is implemented at two levels: statistical and linguistic. The goal of the former level is to employ for the correction knowledge extracted from the analysis of a training corpus comprised of utterances and their corresponding ASR results. The outcome of the analysis is a set of syntactic-semantic models and a set of lexical models, which are optimally selected during the correction. The goal of the correction at the linguistic level is to repair errors not detected during the statistical level which affects the semantics of the sentences. Experiments carried out with a previouslydeveloped spoken dialogue system for the fast food domain indicate that the technique allows enhancing word accuracy, spoken language understanding and task completion by 8.5%, 16.54% and 44.17% absolute, respectively.Ministerio de Ciencia y Tecnología TIN2007-64718 HAD

Signalling in voice over IP Networks

Voice signalling protocols have evolved, keeping with the prevalent move from circuit to packet switched networks. Standardization bodies have provided solutions for carrying voice traffic over packet networks while the main manufacturers are already providing products in workgroup, enterprise, or operator portfolio. This trend will accrue in next years due to the evolution of UMTS mobile networks to an “all-IP” environment. In this paper we present the various architectures that are proposed for signalling in VoIP, mainly: H.323, SIP and MGCP. We also include a brief summary about signalling in classical telephone networks and, at the end, we give some ideas about the proposed “all-IP” architectures in UMTS 3G mobile networks.Publicad

Digital marketing actions that achieve a better attraction and loyalty of users: an analytical study

Currently, the digital economy contributes decisively to an increase in competitiveness, especially as a digital transformation involves migrating to new technological models where digital marketing is a key part of growth and user loyalty strategies. Internet and Digital Marketing have become important factors in campaigns, which attract and retain Internet users. This study aims to identify the main ways in which users can be gained and retained by using Digital Marketing. The Delphi method with in-depth interviews was the methodology used in this study. The results of the research show the most important actions for achieving user recruitment and loyalty with Digital Marketing from the opinions of consulted experts. The limitations of this study are those related to the number of experts included in the study, and the number of research papers consulted in the literature review. The literature review and the results of this research are used to propose new solid research with a consolidated critical methodology. This research deals with a new approach that will optimize web technologies for the evolution of user trends, and therefore, will be of academic and professional use for marketing managers and web solution developers. The conclusions of the investigation show the key factors, discarding others that do not affect the optimization of conversions in B2C businesses such as the duration of the session and the rebound percentage. Likewise, the results of the research identify the specific actions that must be carried out to attract and retain users in B2C companies that use the Digital Marketing ecosystem on the Internet. The requirements for companies that wish to implement a model to optimize conversions using the current digital economy are also shown.info:eu-repo/semantics/publishedVersio

Unemployment and Inflation Persistence in Spain: Are There Phillips Trade-Offs?

This paper studies the dynamic behavior of inflation and unemployment in Spain during the period 1964?1997. In particular, we analyze the implications of high persistence in both unemployment and inflation dynamics for inference regarding the size of Phillips trade-offs and sacrifice ratios in the Spanish economy, in response to a demand shock. To do so we use a Stuctural VAR approach with several identification outlines which give rise to alternative interpretations of the joint unemployment-inflation dynamics. When using a bivariate VAR we cannot reject the existence of a permanent output loss of one-half of one percentage point for each percentage point of permanent disinflation. However, when the VAR is augmented with a third variable, in order to disentangle monetary from non-monetary shocks within the demand class, the evidence favours a lower and marginally permanent trade-off with an output loss of about one-fourth of one percentage point.Publicad

Habilidades gerenciales como estrategia para fidelización de clientes

En el mundo gerencial es importante aprender a desarrollar nuestras habilidades, por tal motivo en el siguiente ensayo vamos a estudiar, a conocer las diferentes estrategias empleadas por grandes empresarios exitosos de la actualidad con ayuda de autores que se han dedicado a estudiar los métodos para generar mejores resultados en nuestras empresas. Como dice Albert Einstein Locura seguir haciendo lo mismo y esperar resultados diferentes . Por eso vamos a nombrar estrategias actuales empleadas para el fortalecimiento de las organizaciones. Las estrategias son los medios que vamos a emplear para lograr cumplir nuestros objetivos, siendo gerentes innovadores que logremos satisfacer las necesidades de nuestros clientes aprendiéndoles a escuchar, indagando hábilmente para poder suplir sus necesidades ofreciéndoles nuestros servicios o productos que satisfagan sus expectativas como clientes y usuarios finale

Nuevas coordenadas en el ámbito de la web 2.0: el caso de la publicidad comportamental

Una reciente modalidad publicitaria que está protagonizando un notable éxito en Internet es la publicidad comportamental. Aunque puede suponer ciertas ventajas para las empresas y los usuarios, no está exenta de riesgos sobre todo en materia de privacidad. Para, precisamente, proteger al consumidor y/o usuario en esta novedosa faceta de la Web 2.0 se han aprobado un elenco de normas legales complementadas por el sugerente fenómeno de la autorregulación.A new mode of advertising, behavioural advertising, is enjoying considerable success on the Internet. But the advantages for companies and users are weighed against the risks to privacy. A range oflegal norms have been approved to complement self-regulation in arder to protect the consumer and / or user of this new facet of Web 2.0

CONSUMPTION AND HABITS: EVIDENCE FROM PANEL DATA

The purpose of this paper is to test for the presence of habit formation in consumption decisions using household panel data. We use the test proposed by Meghir and Weber (1996) and estimate the within -period marginal rate of substitution between commodities, which is robust to the presence of liquidity constraints. To that end, we use a Spanish panel data set in which households are observed up to eight consecutive quarters. This temporal dimension is crucial, since it allows us to take into account time invariant unobserved heterogeneity across households (“fixed effects”) and, therefore, to investigate if the relationship between current and past consumption reflects habits or heterogeneity. Our results conf irm the importance of accounting for fixed effects when analyzing intertemporal consumption decisions allowing for time non-separabilities. Once fixed effects are controlled for and a proper set of instruments is used, the results yield supporting evidence of habit formation in the demand system of food at home, transport and services.