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, carried out on October 10, 2011 in Jackson gap, Wyoming, in honor of the paintings of Lester D. Taylor, whose pioneering paintings prominent and marketplace 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 quarter needs to realize the “public reliable” features of media items and networks, whereas bearing in mind the results of interdependent person habit; the powerful cross-elasticities in a industry; in addition to the phenomenon of offer growing its personal call for. the second one Prologue, via Timothy Tardiff and Daniel Levy, focuses extra particularly on Taylor’s physique of labor, specifically its functional purposes and value in analyses of, and practices inside, the data and Communications know-how (ICT) region (known in Europe and somewhere else because the Telecommunications, Media, and know-how (TMT) sector). the rest of the ebook is geared up into 4 components: Advances in thought; Empirical functions; Evidence-Based coverage purposes; and a last end. The ebook closes with an Appendix via Sharon Levin and Stanford Levin detailing Taylor’s contributions utilizing bibliometrics. not just that includes chapters from distinctive students in economics, technologies, and expertise, this quantity contains contributions without delay from Lester Taylor, offering certain perception into economics from a life-time within the field.
“What a beneficial publication! 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 publication assembles a powerful set of individuals and contributions to honor Taylor. No shock, the gathering extends in every single place into the various center subject matters of communications and media markets. The emphasis is the place it's going to be–on vital and novel study questions trained through priceless facts. —Shane Greenstein, Professor of administration and method, Kellogg college of administration, Northwestern University
“For greater than forty years, Lester Taylor has been a pacesetter within the program of client modeling, econometric innovations and microeconomic information to appreciate residential and company person habit in telecommunications markets. in the course of that point, he encouraged a cadre of scholars and co-workers who utilized this effective mix to deal with serious company and
regulatory matters coming up within the telecommunications quarter. This quantity collects the hot made of lots of those similar researchers and several devotees who transcend empirical research of mounted line provider via extending Prof. Taylor’s method of the subsequent wave of providers and applied sciences. those contributions, together with new papers by way of Prof. Taylor, supply a chance for the subsequent iteration to benefit from his paintings because it grapples with the urgent problems with buyer call for within the swiftly evolving electronic economy.” — Glenn Woroch, Adjunct Professor of Economics, college of California, Berkeley
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This quantity grew out of a convention equipped by way of 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 admired and industry research has had profound implications on study throughout a large spectrum of industries.
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Extra resources for Demand for Communications Services – Insights and Perspectives: Essays in Honor of Lester D. Taylor
An important issue in their study was the rate at which the ‘‘stock’’ of each category of consumption depreciates. Given the recent rate of technological change, particularly in the dissemination of information, the depreciation rates on many categories of consumer expenditure may have accelerated markedly. This is particularly likely for consumer electronics and complementary products, such as software and media, as new devices and technologies replace old ones at a staggering rate. On the other hand, if the improved devices are simply used to access much of the same material more conveniently, rapidly, or with higher quality results, the expenditures on complementary media may be much more stable, that is, subject to a lower depreciation rate.
2, although the estimation difficulties are noted. 3 develops a novel modification of MILP that easily produces L1 and QR regression estimates in piecewise linear regression with one unknown hinge; an Appendix describes the generalization to any number of unknown hinges. 4 presents some computational results for the new algorithm. The final section concludes. K. O. com J. Alleman et al. 1007/978-1-4614-7993-2_2, Ó Springer Science+Business Media New York 2014 17 18 K. O. 1 General The emphasis in this chapter is on the use of L1 and QR to estimate piecewise linear multiple regressions.
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.