A finite number of heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. Because firms must commit to wages and employment before the realization of product price, they exhibit a risk-averse behavior. It is then shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between wo...

This project analyzes the ability of news and social media data to predict price fluctuations for three cryptocurrencies: bitcoin, litecoin and ethereum. Traditional supervised learning algorithms were utilized for text-based sentiment classification, but with a twist. Daily news and social media data was labeled based on actual price changes one day in the future for each coin, rather than on ...

Online buzz reflects the perceived quality of products in a positive, negative, or neutral way. We have limited understanding of how customers’ quality perceptions, often referred to as e-sentiment, affect the movement of prices. In this paper, we examine the effect of e-sentiment on the daily price fluctuations of MP3 players by using daily buzz information collected from diverse online docume...