We evaluate the performance of an information aggregation mechanism (IAM) implemented inside Intel to forecast unit sales for the company. Developed, refined and tested in the laboratory using experimental methods, the IAM is designed specifically to aggregate information. Its implementation at Intel allows us to test its performance in a much more complex field environment. The IAM provides no...

In this paper we study investments of firms in hightech industries. Typical examples are producers of consumer electronic products such as dvd players, LCD television sets, digital photo cameras, and mobile phones. There are two important characteristics in these markets. The first is (sharply) decreasing sales prices and the second is decreasing production costs. The introduction of new techno...

The Internet has enabled the era of user-generated content, potentially breaking the hegemony of traditional content generators as the primary sources of “legitimate” information. Prime examples of user-generated content are blogs and social networking sites, which allow easy publishing of and access to information. In this study, we examine the usefulness of such content, consisting of data fr...

this study empirically examines whether managers manipulate reported income through the timing of sales of long-lived assets and investments. several empirical implications of the income-smoothing and debt-equity hypothesis in the context of asset sales were tested. the findings are consistent with the timing of asset sales by managers so that the recognized accounting income from these sales s...

We apply Slow Feature Analysis (SFA) to image sequences generated from natural images using a range of spatial transformations. An analysis of the resulting receptive fields shows that they have a rich spectrum of invariances and share many properties with complex and hypercomplex cells of the primary visual cortex. Furthermore, the dependence of the solutions on the statistics of the transform...

This paper evaluates a more integrated approach of regulation when doing international comparisons and represents the first cross-country study in the South American region in which quality and weather variables have been included in the analysis. A total of 82 electricity distribution firms operating in Argentina, Brazil, Chile and Peru have been analysed for the period 1998-2008. Stochastic f...

This study empirically examines whether managers manipulate reported income through the timing of sales of long-lived assets and investments. Several empirical implications of the income-smoothing and debt-equity hypothesis in the context of asset sales were tested. The findings are consistent with the timing of asset sales by managers so that the recognized accounting income from these sales s...

As time goes by and the number of human needs causes organic inorganic waste to accumulate, Environment Hygiene Service provides garbage disposal sites at several points, but still is scattered on roadside, smell disturbs road users who pass. Garbage accumulation more focused which managed bank unit. The Department has units bins in sub-districts city Dumai, one Bukit Kapur Bank Unit, currently...