1,721,033 research outputs found
How Much Will You Pay to Use Open Data?: Evidence from the Seoul Metropolitan Government
No full textIn line with the emerging data economy, governments and businesses are exploring how to drive value through data usage. As a part of this notable trend, open government data (OGD), through which a variety of public information is available for free use at online websites, has been shaping new opportunities for nations, society, and enterprises. While researchers and policymakers have focused on how and what to provide for better practices in innovative digital public service, the actual value created from the data offering has received scant attention. This study fills the gap by measuring the monetary value of the OGD service as a stated willingness to pay (WTP). To do this, we collaborated with the Seoul Metropolitan Government, which operates one of the largest and most active online OGD portals in the world, offering over 20 million documents and other forms of information. We consider three stakeholder groups-people using OGD, people not using OGD, and city officials-to compare their assessments of emerging public digital goods. Our estimates suggest that people using OGD are willing to pay 0.6). Instead, we find that a higher proportion of people using OGD refuse to pay any amount for the service than people not using OGD, whereas a higher proportion of city officials give true zero responses than people not using OGD. We discuss the merits and limitations of quantifying intangible digitized public goods and propose future directions.
More buzz, more vibes: Impact of social media on concert distribution
No full textThis paper examines the impact of social media on decision-making regarding concert locations in the music industry. The use of social media allows musicians to communicate directly with their current and potential fans, which provides useful information about where concerts will be more successful. In particular, with the use of social media, musicians are likely to reach out relatively unexplored regions in choosing their concert locations. To examine the effect of social media use on the distribution of concert locations, we introduce an empirical methodology, using a zero-inflated generalized linear mixed model with a log link function. The model accounts for potential heterogeneous locational and temporal traits, allowing us to measure the impact of characteristics of the population on location selection. The parameters estimated from this model support an argument that the use of social media encourages musicians to pursue unexplored markets that they may not have considered before the use of social media.
When a loss becomes a gain: different effects of substitute versus complementary loss leaders in a multi-sided platform
No full textThis study examines the effect of the loss leader strategy on profitable products in a multi-sided platform. We assess different effects of loss leaders according to their substitute versus complementary associations with profitable products. We collect a unique dataset containing individual-level transactions and product characteristics and conduct a difference-in-differences analysis along with propensity score matching at the sub-market level. The results suggest that the introduction of a substitute loss leader is negatively associated with the sales of profitable products, while complementary loss leaders have no significant effect on them. We also find that the impact of loss leaders can vary according to the price of related core projects. Our study contributes to the literature on multi-sided platforms by augmenting the current knowledge on product-level association.
Are All Spillovers Created Equal? The Impact of Blockbusters and the Composition of Backers in Online Crowdfunding?
No full textThe Mind Behind Crowdfunding: An Empirical Study of Speech Emotion in Fundraising Success
No full textCharacterizing the technological evolution of smartphones
No full textRecent technological advancements in smartphone have paved the way for the rapidly growing mobile commerce. As smartphone vendors launch the products with a rich variety of technical features for different end-user market segments, understanding the evolution of these features is of vital importance to all stakeholders in the smartphone industry. We address this issue by exploring technical specifications of smartphones at both the feature and the device level. In particular, we introduce the benchmarks to operationalize the overall performance of smartphone models, such that multidimensional technical features can be quantitatively summarized into a single index. Through the analysis of a comprehensive dataset entailing technical features for smartphone models launched during the years 2012-2015, we show that although certain features have become the standard functionality, the smartphone industry is largely innovative and continues to evolve over time. We believe our findings may provide important insights into the future development and design strategies of smartphones
IN-CONSUMPTION INFORMATION CUES AND ONLINE VIDEO CONSUMPTION
No full textOnline video platforms such as YouTube feature visual cues on progress bars to spotlight standout segments of videos. These cues, designed to steer users toward intriguing content moments, raise questions about their overarching impact on video consumption patterns. In this study, we delve into in- consumption information cues (ICICs), indicators that depict fluctuating video quality in real time. Drawing from a natural experiment on a live streaming platform, we evaluate the effects of engagement graphs. These are visual timelines that emphasize moments favored by prior viewers in video-on-demand (VOD) content, which represent full replays of live stream sessions. Notably, these graphs are only accessible to iOS users, leaving Android users without access. Our results show that ICICs enhance the viewership of VODs and live streams. Moreover, viewers tend to spend more time immersed in live broadcasts, suggesting heightened content appeal. Yet, these engagement graphs do not prompt users to donate more virtual gifts, a vital income stream for streamers. Even with the introduction of ICICs, while there is a rise in video production, the inherent structure of live streams remained largely unchanged. We conclude by discussing the academic and managerial implications of these findings.
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