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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 ...
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 ...