Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania最新文献_第5页

Bayesian Imputation for Anonymous Visits in CRM Data 客户关系管理数据中匿名访问的贝叶斯估计

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2015-12-07 DOI: 10.2139/ssrn.2700347

Julie Novak, E. M. Feit, Shane T. Jensen, Eric T. Bradlow

{"title":"Bayesian Imputation for Anonymous Visits in CRM Data","authors":"Julie Novak, E. M. Feit, Shane T. Jensen, Eric T. Bradlow","doi":"10.2139/ssrn.2700347","DOIUrl":"https://doi.org/10.2139/ssrn.2700347","url":null,"abstract":"Targeting individual consumers has become a hallmark of direct and digital marketing, particularly as it has become easier to identify customers as they interact repeatedly with a company. However, across a wide variety of contexts and tracking technologies, companies find that customers can not be consistently identified which leads to a substantial fraction of anonymous visits in any CRM database. We develop a Bayesian imputation approach that allows us to probabilistically assign anonymous sessions to users, while ac- counting for a customer’s demographic information, frequency of interaction with the firm, and activities the customer engages in. Our approach simultaneously estimates a hierarchical model of customer behavior while probabilistically imputing which customers made the anonymous visits. We present both synthetic and real data studies that demonstrate our approach makes more accurate inference about individual customers’ preferences and responsiveness to marketing, relative to common approaches to anonymous visits: nearest- neighbor matching or ignoring the anonymous visits. We show how companies who use the proposed method will be better able to target individual customers, as well as infer how many of the anonymous visits are made by new customers.","PeriodicalId":80976,"journal":{"name":"Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86008794","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

The Future of Large, Internationally Active Banks: Does Scale Define the Winners? 在国际上活跃的大型银行的未来:规模决定赢家吗?

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2015-11-01 DOI: 10.2139/ssrn.2800306

Joseph P. Hughes, Loretta J. Mester

{"title":"The Future of Large, Internationally Active Banks: Does Scale Define the Winners?","authors":"Joseph P. Hughes, Loretta J. Mester","doi":"10.2139/ssrn.2800306","DOIUrl":"https://doi.org/10.2139/ssrn.2800306","url":null,"abstract":"Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks – that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale economies are exhausted beyond a modest size – no larger than $100 billion and usually much smaller – a number of recent studies have found scale economies beyond this point, in fact, economies that increase with size. Based on a model that appropriately accounts for endogenous risk-taking and controls for any cost-of-funding advantages conferred on large banks, we find that technological factors, not advantages in funding costs, account for their scale economies. The literature does not indicate whether these benefits of larger size outweigh the potential costs in terms of systemic risk that large scale may impose on the financial system. However, if public policy considerations imply that society would be better off with smaller financial institutions, restrictions that limit the size of financial institutions, if effective, may put large banks at a competitive disadvantage in global markets where competitors are not similarly constrained. Moreover, size restrictions may not be effective since they work against market forces and create incentives for firms to avoid them. Avoiding the restrictions could thereby push risk-taking outside of the more regulated financial sector without necessarily reducing systemic risk. If such limits were imposed, intensive monitoring for such risks would be required. These factors need to be considered when evaluating policies concerning financial institution scale.","PeriodicalId":80976,"journal":{"name":"Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania","volume":"61 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88479121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Golden Rule of Forecasting Rearticulated: Forecast Unto Others as You Would Have Them Forecast Unto You 再次重申预测的黄金法则:你希望别人怎样预测你，你就怎样预测别人

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2015-04-02 DOI: 10.2139/ssrn.2644005

K. Green, J. Armstrong, A. Graefe

引用次数: 7

Are All Spillovers Created Equal? A Network Perspective on IT Labor Movements 所有溢出效应都是平等的吗?IT工人运动的网络视角

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2015-02-28 DOI: 10.2139/ssrn.2528762

Lynn Wu, Fujie Jin, L. Hitt

{"title":"Are All Spillovers Created Equal? A Network Perspective on IT Labor Movements","authors":"Lynn Wu, Fujie Jin, L. Hitt","doi":"10.2139/ssrn.2528762","DOIUrl":"https://doi.org/10.2139/ssrn.2528762","url":null,"abstract":"This study examines how characteristics of a firm’s labor-flow network affect firm productivity. Using employee job histories, we construct inter-firm labor-flow networks for both IT-labor and non-IT labor and analyze how a firm’s network structure for the two types of labor affects firm performance. We find that hiring IT workers from a structurally-diverse network of firms can substantially improve firm productivity, which is likely due to the novel and non-redundant information provided in such networks. Interestingly, we find the opposite effects for hiring non-IT labor, which is likely due to a structurally- cohesive network enabling frequent and repeated exposure to a common knowledge base that is beneficial for implementing complementary organizational practices especially when they are often complex and tacit. Together, these results demonstrate the importance of incorporating a network perspective in understanding the full impact of spillover effects from organizational hiring activities.","PeriodicalId":80976,"journal":{"name":"Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88072459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Simple Contracts with Adverse Selection and Moral Hazard 具有逆向选择和道德风险的简单契约

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2015-02-21 DOI: 10.3982/te2992

D. Gottlieb, Humberto Moreira

引用次数: 23

Rational Groupthink 理性的群体思维

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2014-12-22 DOI: 10.2139/ssrn.2541707

Matan Harel, Elchanan Mossel, P. Strack, O. Tamuz

引用次数: 16

Will They Take the Money and Work? An Empirical Analysis of People's Willingness to Delay Claiming Social Security Benefits for a Lump Sum 他们会拿钱和工作吗?人们延迟领取一次性社会保障福利意愿的实证分析

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2014-09-01 DOI: 10.2139/SSRN.2567341

R. Maurer, O. Mitchell, Ralph Rogalla, Tatjana Schimetschek

引用次数: 13

The Effect of the Domestic Production Activities Deduction on Corporate Payout Behavior 国内生产活动扣除对企业股利行为的影响

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2014-05-31 DOI: 10.2139/SSRN.1092222

Jennifer L. Blouin, Linda K. Krull, Casey M Schwab

引用次数: 10

Central Bank Policy Impacts on the Distribution of Future Interest Rates 中央银行政策对未来利率分布的影响

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2014-02-20 DOI: 10.2139/SSRN.2642363

Douglas T. Breeden, R. Litzenberger

引用次数: 13

Maximum Likelihood Estimation of the Equity Premium 股权溢价的最大似然估计

Comparative labor law journal : a publication of the U.S. National Branch of the International Society for Labor Law and Social Security [and] the Wharton School, and the Law School of the University of Pennsylvania Pub Date : 2013-11-01 DOI: 10.2139/ssrn.2443529

Efstathios Avdis, Jessica A. Wachter

引用次数: 1