Digitization, Prediction, and Market Efficiency: Evidence from Book Publishing Deals

2022 ◽  
Author(s):  
Christian Peukert ◽  
Imke Reimers
Keyword(s):  
Market Efficiency ◽  
Business Strategy ◽  
Book Publishing ◽  
Direct Access ◽  
Additional Information ◽  
Ex Post ◽  
Experimental Variation ◽  
Quasi Experimental ◽  
Product Appeal ◽  
Using Data

Digitization has given creators direct access to consumers as well as a plethora of new data for suppliers of new products to draw on. We study how this affects market efficiency in the context of book publishing. Using data on about 50,000 license deals over more than 10 years, we identify the effects of digitization from quasi-experimental variation across book types. Consistent with digitization generating additional information for predicting product appeal, we show that the size of license payments more accurately reflects a product’s ex post success, and more so for publishers that invest more in data analytics. These effects cannot be fully explained by changes in bargaining power or in demand. We estimate that efficiency gains are worth between 10% and 18% of publishers’ total investments in book deals. Thus, digitization can have large impacts on the allocation of resources across products of varying qualities in markets in which product appeal has traditionally been difficult to predict ex ante. This paper was accepted by Joshua Gans, business strategy.

scholarly journals Managed Care, Drug Benefits and Mortality: An Analysis of the Elderly

2011 ◽  
Vol 11 (2) ◽  
Author(s):  
Gautam Gowrisankaran ◽  
Robert Town ◽  
Eric Barrette
Keyword(s):  
Economic Value ◽  
The Elderly ◽  
Drug Coverage ◽  
Drug Benefits ◽  
Experimental Variation ◽  
Plan Choice ◽  
Plan Selection ◽  
Quasi Experimental ◽  
Using Data ◽  
The Impact

Abstract We evaluate the impact of the Medicare HMO program and prescription drug coverage on elderly mortality using data from 1993 to 2000. We specify a model of plan entry and benefit choice and Medicare enrollee plan choice and health outcomes. We derive an estimator that is consistent with endogenous plan selection by using the quasi-experimental variation caused by peculiarities of the Medicare reimbursement system for HMOs. We find that, relative to traditional Medicare, enrollment in an HMO without drug coverage increases mortality while enrollment in an HMO with drug coverage has no significant impact. The economic value of the reduction in mortality from drug coverage far outweighs the costs. HMOs, those without drug coverage in particular, attract healthier enrollees than average.

Organizing and Managing Data Analytics Teams for Procurement

2020 ◽  
Author(s):  
Benjamin Shao ◽  
Robert D. St. Louis
Keyword(s):  
Best Practices ◽  
Business Strategy ◽  
Data Analytics ◽  
Team Members ◽  
Procurement Process ◽  
Using Data ◽  
And Training ◽  
Different Levels ◽  
The Way

Many companies are forming data analytics teams to put data to work. To enhance procurement practices, chief procurement officers (CPOs) must work effectively with data analytics teams, from hiring and training to managing and utilizing team members. This chapter presents the findings of a study on how CPOs use data analytics teams to support the procurement process. Surveys and interviews indicate companies are exhibiting different levels of maturity in using data analytics, but both the goal of CPOs (i.e., improving performance to support the business strategy) and the way to interact with data analytics teams for achieving that goal are common across companies. However, as data become more reliably available and technologies become more intelligently embedded, the best practices of organizing and managing data analytics teams for procurement will need to be constantly updated.

scholarly journals Using Payroll Tax Variation to Unpack the Black Box of Firm-Level Production

2021 ◽  
Author(s):  
Youssef Benzarti ◽  
Jarkko Harju
Keyword(s):  
Black Box ◽  
Total Output ◽  
Tax Rates ◽  
Firm Level ◽  
Payroll Tax ◽  
Payroll Taxes ◽  
Input Factor ◽  
Experimental Variation ◽  
Quasi Experimental ◽  
Level Production

Abstract This paper uses quasi-experimental variation in payroll tax rates in Finland to investigate how firms use their input factors. We find that higher payroll tax rates lead to large employment responses and have no effects on employee-level earnings. As payroll taxes increase, firms substitute away from low-skilled, routine and manual workers. Higher firm-level payroll tax rates also slightly decrease the total output of firms. Our results imply that firm-level production and input factor choices are clearly affected by payroll taxes.

scholarly journals First in the Class? Age and the Education Production Function

2016 ◽  
Vol 11 (3) ◽  
pp. 225-250 ◽  
Author(s):  
Elizabeth U. Cascio ◽  
Diane Whitmore Schanzenbach
Keyword(s):  
Education Production Function ◽  
Education Production ◽  
Relative Age ◽  
Academic Redshirting ◽  
College Entry ◽  
Experimental Variation ◽  
Kindergarten Entry ◽  
Kindergarten Entry Age ◽  
Using Data ◽  
Selection Of

We estimate the effects of relative age in kindergarten using data from an experiment where children of the same age were randomly assigned to different kindergarten classmates. We exploit the resulting experimental variation in relative age in conjunction with variation in expected kindergarten entry age based on birthdate to account for negative selection of some of the older school entrants. We find that, holding constant own age, having older classmates on average improves educational outcomes, increasing test scores up to eight years after kindergarten, and raising the probability of taking a college-entry exam. These findings suggest that delaying kindergarten entry, or so-called academic “redshirting,” does not harm other children—and may in fact benefit them—consistent with positive spillovers from higher-scoring or better-behaved peers.

EXPRESS: Variety Effects in Advertising

2021 ◽  
pp. 002224372110560
Author(s):  
Omid Rafieian ◽  
Hema Yoganarasimhan
Keyword(s):  
Response Rate ◽  
Mobile Apps ◽  
Underlying Mechanism ◽  
Experimental Variation ◽  
Different Types ◽  
Unit Increase ◽  
Quasi Experimental ◽  
Managerial Implications ◽  
Click Through Rate ◽  
Empirical Framework

Users are often exposed to a sequence of short-lived marketing interventions (e.g., ads) within each usage session in mobile apps. This study examines how an increase in the variety of ads shown in a session affects a user's response to the next ad. The authors leverage the quasi-experimental variation in ad assignment in their data and propose an empirical framework that accounts for different types confounding to isolate the effects of a unit increase in variety. Across a series of models, the authors consistently show that an increase in ad variety in a session results in a higher response rate to the next ad: holding all else fixed, a unit increase in variety of the prior sequence of ads can increase the click-through rate on the next ad by approximately 13\%. The authors then explore the underlying mechanism and document empirical evidence for an attention-based account. The paper offers important managerial implications since it identifies a source of interdependence across ad exposures that is often ignored in the design of advertising auctions. Further, the attention-based mechanism suggests that platforms can incorporate real-time attention measures to help advertisers with targeting dynamics.

scholarly journals Environmental and social sustainability priorities

2015 ◽  
Vol 35 (2) ◽  
pp. 216-245 ◽  
Author(s):  
Annachiara Longoni ◽  
Raffaella Cagliano
Keyword(s):  
Business Strategy ◽  
Social Sustainability ◽  
Operations Strategy ◽  
Manufacturing Strategy ◽  
Competitive Priorities ◽  
Content Type ◽  
Short And Long Term ◽  
Using Data ◽  
Term Performance

Purpose – Environmental and social sustainability are becoming key competitive priorities for companies, but the way in which they are integrated in operations strategies remains an open issue. The purpose of this paper is to determine whether established operations strategy configuration models (i.e. price-oriented, market-oriented and capability-oriented models) are modified to include environmental and social priorities and whether different operations strategy configuration models are equally successful in the short and long term. Design/methodology/approach – Analyses were performed using data from the International Manufacturing Strategy Survey (2009), including companies in the assembly industry in 21 different countries. According to previous studies, cluster analysis of competitive priorities and ANOVA analysis of the business strategy and short- and long-term performance were performed. Findings – The results show that traditional operations strategy configuration models are slightly modified. Market-oriented and capability-oriented operations strategies are complemented by environmental and social sustainability priorities. These operations strategies are adopted by companies with a differentiation and innovation business strategy. Moreover, capability-oriented companies, which are the most committed to environmental and social sustainability, perform better in both the short and long term. Practical implications – This research shows to companies that traditional operations strategies focusing on specific competitive priorities (e.g. low price) are being replaced by more holistic strategies that include sustainability priorities. However, environmental and social priorities contribute to competitive advantage when complementing capability-oriented operations strategies. Originality/value – This paper extends operations strategy configuration models highlighting how environmental and social sustainability priorities can be deployed together with traditional competitive operations priorities.

scholarly journals BUSINESS STRATEGY AND INNOVATIVE PRACTICES ON SERVICES INDUSTRY IN INDONESIA SETTING

2010 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Achmad Hidayat Sutawidjaya
Keyword(s):  
Business Strategy ◽  
Theoretical Perspective ◽  
Organizational Factors ◽  
Strong Relationship ◽  
Strategic Orientation ◽  
Strategy Type ◽  
Strategic Orientations ◽  
Management Of Innovation ◽  
Services Industry ◽  
Using Data

This study explores how firms on services industry (cellular company) in indonesia setting with different strategic orientations manage innovative practices. Specifically, we examine differences in how firms with contrasting strategic orientations view the environmental and organizational factors that influence their management of innovation. This study contributes to the integration of the strategic management and innovation perspective by empirical examining how innovative practices vary among firms on services industry in indonesia setting with different strategic orientation, thereby achieving tighter integration between these two important theoretical perspective. In doing this research, we begin to address some important questions which are likely to be crucial interest to both scholars and practicing managers. This study proceeds as follows, we first established a foundation for our study by examining the literatures on strategy and innovation. We then develop hypotheses on relationship between a firm’s strategy type and its management of innovation (innovative practice, product innovation), external advantage, internal advantage. We the test hypotheses using data from 3 firms of cellular company (XL, Satelindo, Telkomsel) with sample 87 Manager randomly. A discussion of the empirical results and conclusion there is strong relationship between a firm’s strategy type and its management of innovation on services industry (cellular company) in indonesia setting

scholarly journals Population projections for all U.S. counties by age, sex, and race controlled to the Shared Socioeconomic Pathways

2018 ◽  
Author(s):  
Mathew Hauer
Keyword(s):  
Census Data ◽  
Age Groups ◽  
The United States ◽  
Population Projections ◽  
Leslie Matrix ◽  
Ex Post ◽  
Ex Post Facto ◽  
Using Data ◽  
And Control ◽  
Cohort Change

Small area and subnational population projections are important for understanding long-term demographic changes. I provide county-level population projections by age, sex, and race in five-year intervals for the period 2015-2100 for all U.S. counties. Using historic U.S. census data in temporally rectified county boundaries and race groups for the period 1990-2015, I calculate cohort-change ratios (CCRs) and cohort-change differences (CCDs) for eighteen five-year age groups (0-85+), two sex groups (Male and Female), and four race groups (White NH, Black NH, Other NH, Hispanic) for all U.S counties. I then project these CCRs/CCDs using ARIMA models as inputs into Leslie matrix population projection models and control the projections to the Shared Socioeconomic Pathways. I validate the methods using ex-post facto evaluations using data from 1969-2000 to project 2000-2015. My results are reasonably accurate for this period. These data have numerous potential uses and can serve as inputs for addressing questions involving sub-national demographic change in the United States.

scholarly journals The Effect of the Use of Canva Application Learning Media on the Creativity of Students in Language Studio Extracurricular Activities at SMPN 1 Tanjung Emas

2021 ◽  
Vol 9 (4) ◽  
pp. 506
Author(s):  
Deni Putri Sartika ◽  
Vevi Sunarti
Keyword(s):  
Data Analysis ◽  
Data Processing ◽  
Experimental Method ◽  
Extracurricular Activities ◽  
School Principals ◽  
Paired Sample ◽  
Significant Difference ◽  
Quasi Experimental ◽  
Using Data ◽  
Efficient Learning

This research is motivated by the low creativity of students in language studio extracurricular activities at SMPN 1 Tanjung Emas. This condition is thought to be due to factors that influence the low creativity of students, one of the factors that is thought to greatly influence is the use of learning media that is less effective and efficient. This study aims to see the creativity of students through the use of Canva application learning media in language studio extracurricular activities at SMPN 1 Tanjung Emas. This type of research is using a quantitative approach to the quasi-experimental method (Quasi Experiment). The population in this study were students in the language studio extracurricular activities at SMPN 1 Tanjung Emas as many as 25 students, all of whom became the research sample. By using data analysis using the test formula paired sample t-test. From the data processing, it can be concluded that there is a significant difference between the creativity of students before being given an action (pretest) and after being given an action (posttest) using the Canva application learning media in the language studio extracurricular activities at SMPN 1 Tanjung Emas. Suggestions and results of this research are for educators to be able to further increase the creativity of students in using the Canva application learning media and for school principals at SMPN 1 Tanjung Emas as leaders at the school so that they can further increase the availability of facilities and infrastructure, especially effective and efficient learning media. as well as to support the creativity of students

scholarly journals Development of a sensory and perceptual assessment test for psychosis and schizophrenia

2020 ◽  
Author(s):  
Maria Lucia de Bustamante Simas ◽  
Ana Cristina Taunay C. A. Maranhão ◽  
Flora Silva Teixeira ◽  
Aline Mendes Lacerda ◽  
Carlos Henrique Resende Freire ◽  
...  
Keyword(s):  
Assessment Tool ◽  
Size Perception ◽  
Psychotic Symptoms ◽  
Control Group ◽  
Salvador Dali ◽  
Ex Post ◽  
Perceptual Test ◽  
Quasi Experimental ◽  
Visual Size ◽  
Experimental Group

Results from the development of a novel sensory and perceptual test to assess the level of altered visual size perception in people with schizophrenia are presented. Here we compare the performances in a visual sensory and perceptual test between a control group and an experimental group of people diagnosed with schizophrenia. We have been using paintings by Salvador Dalí and Rorschach plates to assess images size perception. In this transversal, ex-post-fact and quasi-experimental study we show differences between EG (Experimental Group) and CG (Control Group). Schizophrenics in-patients as compared to controls perceived sizes about 1.3 fold greater than healthy volunteers (p=0.006), thus showing that size perception is altered in schizophrenia. Together with previous results, this particular sensory test for size perception seems to be a useful assessment tool to evaluate the degree and severity of psychotic symptoms in prodromal schizophrenic states, and neuropsychiatric patients in general. It may help prevent acute crisis with proper, and most likely, lower dosages of medication.

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