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  1. Data (r)evolution - the economics of algorithmic search and recommender services
    Erschienen: January 2021
    Verlag:  Ilmenau University of Technology, Institute of Economics, Ilmenau ; Universitätsbibliothek

    The paper analyses the economics behind algorithmic search and recommender services, based upon personalized user data. Such services play a paramount role for online services such as marketplaces (e.g. Amazon), audio streaming (e.g. Spotify), video... mehr

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    Universitätsbibliothek Ilmenau
    WIR 2021
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    Thüringer Universitäts- und Landesbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 61
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    The paper analyses the economics behind algorithmic search and recommender services, based upon personalized user data. Such services play a paramount role for online services such as marketplaces (e.g. Amazon), audio streaming (e.g. Spotify), video streaming (e.g. Netflix, YouTube), app stores, social networks (e.g. Instagram, Tik Tok, Facebook, Twitter) and many more. We start with a systematic analysis of search and recommendation services as a commercial good, highlighting the changes to these services by the systematic use of algorithms. Then we discuss benefits and risk for welfare arising from the widespread employment of algorithmic search and recommendation systems. In doing so, we summarize the existing economics literature and go beyond its insights, including highlighting further research desires. Eventually, we derive regulatory and managerial implications drawing on the current state of academic knowledge.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/228752
    Schriftenreihe: Ilmenau economics discussion papers ; vol. 27, no. 148
    Schlagworte: algorithmic search and recommender services; data economics; media economics; internet economics; digital economy; cultural economics; competition; antitrust; industry regulation; digital business ecosystems
    Umfang: 1 Online-Ressource (33 Seiten)
  2. Disentangling individual biases in jury voting
    an empirical analysis of voting behavior in the Eurovision Song Contest
    Erschienen: January 2023
    Verlag:  Ilmenau University of Technology, Institute of Economics, Ilmenau ; Universitätsbibliothek

    The Eurovision Song Contest is one of the worldwide biggest live media events and the world’s leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Universitätsbibliothek Ilmenau
    WIR 2023
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    Thüringer Universitäts- und Landesbibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 61
    keine Fernleihe

     

    The Eurovision Song Contest is one of the worldwide biggest live media events and the world’s leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of artists) to the contest and both expert juries and the television audience of all participating countries vote in a special ranking and points system to determine the eventual winner. A substantial list of cultural economics papers empirically analyzed the voting behavior of juries (consisting of music industry professionals) and audiences to identify voting biases because of cultural and political influences on the voting bodies. Due to limited data availability, this literature suffered from having to treat the national juries as a black box even though they are composed of individuals with different demographic characteristics (age, gender, etc.) and expert backgrounds (industry managers, musicians, composers, music journalists, etc.). Our analysis benefits from utilizing new data about each individual member of the jury including their role within the jury (e.g., the chairperson) as well as about their individual votes in the ESC. Therefore, for the first time, we can disentangle the voting behavior of the juries and track the voting behavior of individual jury members. Based upon a rich dataset including personal characteristics (gender, age, career/professional background, nationality, cultural heritage, etc.) of both jury members (voters) and performing artists in the contest (voting objects), we analyze whether the increasing similarity between voter (jury member) and voting object (contest performer) correlates with upward biases in terms of awarded points. In doing so, we employ the concept of Mahalanobis distance to measure similarity and employ modern econometric regression methods to derive our results. Inter alia, we identify conditions under which the similarity of jury members with contestants leads to a pro-bias in voting (across different countries). Interestingly, the professional background of jury members also significantly influences the individual voting bias, for instance, experts with classical music backgrounds display significantly less bias than presenters of radio or television programs or music journalists. Altogether, our analysis allows us to look beyond the hitherto dominating “country X is biased for/against country Y” conclusions and track voting biases on an individual level, based on personal characteristics.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268669
    RVK Klassifikation: QC 000 ; QR 750
    Schriftenreihe: Ilmenau economics discussion papers ; vol. 28, no. 171
    Schlagworte: voting bias; jury voting; Eurovision Song Contest; media economics; cultural economics
    Umfang: 1 Online-Ressource (24 Seiten), Diagramme, Illustrationen