By Lester D. Taylor (auth.), James Alleman, Áine Marie Patricia Ní-Shúilleabháin, Paul Rappoport (eds.)
This quantity grew out of a convention prepared through James Alleman and Paul Rappoport, performed on October 10, 2011 in Jackson gap, Wyoming, in honor of the paintings of Lester D. Taylor, whose pioneering paintings prominent and industry research has had profound implications on examine throughout a large spectrum of industries. In his Prologue, Eli M. Noam notes that call for research within the details zone needs to realize the “public solid” features of media items and networks, whereas taking into consideration the consequences of interdependent person habit; the robust cross-elasticities in a marketplace; in addition to the phenomenon of provide developing its personal call for. the second one Prologue, via Timothy Tardiff and Daniel Levy, focuses extra in particular on Taylor’s physique of labor, particularly its sensible functions and value in analyses of, and practices inside, the data and Communications expertise (ICT) quarter (known in Europe and in other places because the Telecommunications, Media, and know-how (TMT) sector). the rest of the ebook is geared up into 4 components: Advances in idea; Empirical functions; Evidence-Based coverage purposes; and a last end. The ebook closes with an Appendix by means of Sharon Levin and Stanford Levin detailing Taylor’s contributions utilizing bibliometrics. not just that includes chapters from amazing students in economics, technologies, and expertise, this quantity contains contributions without delay from Lester Taylor, delivering certain perception into economics from an entire life within the field.
“What a precious e-book! each utilized researcher in communications encounters Lester Taylor’s paintings. Many empirical routines in communications can hint their roots to Taylor’s pioneering examine and his considerate management. This ebook assembles a magnificent set of individuals and contributions to honor Taylor. No shock, the gathering extends everywhere into a few of the center subject matters of communications and media markets. The emphasis is the place it may be–on very important and novel study questions knowledgeable through invaluable information. —Shane Greenstein, Professor of administration and approach, Kellogg university of administration, Northwestern University
“For greater than forty years, Lester Taylor has been a pace-setter within the software of customer modeling, econometric suggestions and microeconomic facts to appreciate residential and company person habit in telecommunications markets. in the course of that point, he encouraged a cadre of scholars and associates who utilized this powerful blend to handle serious company and
regulatory matters bobbing up within the telecommunications zone. This quantity collects the new made of lots of those comparable researchers and several devotees who transcend empirical research of fastened line carrier via extending Prof. Taylor’s method of the following wave of providers and applied sciences. those contributions, together with new papers through Prof. Taylor, provide a chance for the following iteration to benefit from his paintings because it grapples with the urgent problems with patron call for within the swiftly evolving electronic economy.” — Glenn Woroch, Adjunct Professor of Economics, collage of California, Berkeley
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This quantity grew out of a convention equipped by means of James Alleman and Paul Rappoport, carried out on October 10, 2011 in Jackson gap, Wyoming, in honor of the paintings of Lester D. Taylor, whose pioneering paintings admired and industry research has had profound implications on examine throughout a large spectrum of industries.
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Additional info for Demand for Communications Services – Insights and Perspectives: Essays in Honor of Lester D. Taylor
To apply this result, suppose that one has a sample of N observations on variables y and x that one assumes are related according to f ðy; xÞ ¼ 0; ð1:24Þ for some function f. Assume that both y and x have values that are negative, as well as positive, and suppose that (for whatever reason) one feels that f should be double-logarithmic, that is, one posits: lnðyi Þ ¼ a þ b lnðxi Þ þ ei ; i ¼ 1; . ; N: ð1:25Þ From the foregoing, the model to be estimated can then be written as: zi ¼ a þ bwi þ ei ; where lnð yÞ if y [ 0 1 See Nahin (1998, p.
P decision variables and n linear equality constraints. For this primal LP formulation, duality theory applies and the dual LP problem is: max : n X ki yi : i¼1 Such that: X0k ¼ 0 hÀ1 ki h : 8i: This LP problem has n decision variables, p linear equality constraints, and n bounded variables, so it is usually a bit faster to solve for large n. Importantly, the optimal values in k may be associated with important test statistics developed by Koenker and Bassett. Appendix 2. L1 or QR Piecewise Multiple Regression with Known Hinges With one known hinge, Eq.
Below the estimated hinge, all cases must have one of the two linear predictors; above the estimated hinge, all cases must have the other predictor. This means that without loss of generality the constraint B1i B1iÀ1 ; i ¼ 2 : n may imposed which reduces the binary search space to size n ? 1 rather than 2nþ1 . With this additional linear constraint added to the MILP, the Galton piecewise linear estimation is solved in about 20 min rather than several days. The MILP solution does not directly produce an estimate of the hinge.
Demand for Communications Services – Insights and Perspectives: Essays in Honor of Lester D. Taylor by Lester D. Taylor (auth.), James Alleman, Áine Marie Patricia Ní-Shúilleabháin, Paul Rappoport (eds.)