We empirically investigate how hosts on Airbnb, a popular peer-to-peer website for fee-based sharing of under-utilized space, adjust their prices once their offering gets a visible star rating for the first time. We use data for over 14,000 offerings from Airbnb which we collected for New York City. Our findings indicate that hosts whose offerings achieve star rating visibility significantly in...

Introduction What is new about new media? Its development and use is more influenced by economic factors than the old media. And the new media is more central to the new economy. Indeed, an ever more popular theme in the scientific literature, government policy documents and the popular press, is that technologically advanced economies are in the process of moving beyond industrial capitalism t...

1 Computational Transport Phenomena Laboratory (CTPL), Division of Physical Sciences and Engineering (PSE), King Abdullah University of Science and Technology (KAUST), Thuwal 23955-6900, Saudi Arabia 2 Department of Mathematical Sciences, Clemson University, Clemson, SC 29634-0975, USA 3 Schulich School of Engineering, University of Calgary, 2500 University Drive NW, Calgary, AB, Canada T2N 1N4...

Escape (termination of a meal) and token-based differential reinforcement of alternative behavior were used as reinforcement to increase acceptance of food. Using a changing criterion design, the number of bites accepted and consumed was gradually increased to 15 bites per meal. These data suggest that, in some cases, escape may be a potent reinforcer for food acceptance.

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor-augmenting properties of technological...

The transition to New Economy and knowledge-based economy in the 1990s and early 21st century created an atmosphere that entrepreneurs and SMEs became crucial engines of economic growth. It was conjectured that such trends were brought about various changes in global business environment. These changes include technological changes, increased globalization, employment flexibility, consumer dive...

INTRODUCTION ............................................................................. 219 Back to School ........................................................................... 219 A New Economy ....................................................................... 220 A New Framework .................................................................... 220 Some Caveats ..................

The ISIS-model allows a better understanding for managers and regional authorities of the ongoing change towards the information based “New Economy” and towards an information society. New policies have become possible for generating sustainable regional growth, sustainable in both, regional economic success and ecological health. The ISIS-model is build for evaluating policies for sustainabili...

SINCE THE EARLY 1980s the U.S. economy has gone through two long expansions. The first, from 1982 to 1990, lasted thirty-one quarters. The second started in 1991 and, although showing signs of faltering, has recorded its fortieth quarter as this volume goes to press and is already the longest U.S. expansion on record. One view is that these two long expansions are simply the result of luck, of ...

We study legal and policy issues surrounding crypto currencies, such as Bitcoin, and how those issues interact with technical design options. With an interdisciplinary team, we consider in depth a variety of issues surrounding law, policy, and crypto currencies — such as the physical location where a crypto currency’s value exists for jurisdictional and other purposes, the regulation of anonymo...