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Digitization of Music: Consumer Adoption Amidst Piracy, Unbundling, and Rebundling
(University of Minnesota, 2019-03-01)
Digital music formats and the Internet as a distribution mechanism have fundamentally disrupted the music industry by altering the way music is packaged, distributed, and consumed. This disruptive innovation has come in ...
Pricing Problems Under the Markov Chain Choice Model
We consider pricing problems when customers choose under the Markov chain choice model. In this choice model, a customer arriving into the system is interested in a certain product with a certain probability. Depending on ...
Random Projection Estimation of Discrete-Choice Models with Large Choice Sets
We introduce random projection, an important dimension-reduction tool from machine learning, for the estimation of aggregate discrete-choice models with high-dimensional choice sets. Initially, high-dimensional data are ...