This paper investigates how technology affects mortgage foreclosure markets. Exploiting the staggered adoption of electronic bidding across adjoined Florida’s counties, I show that foreclosure auction success increases by 27%, and price discounts shrink by 42%. The effects are the largest in...

At present, many video editing software have been created, but what they all have in common is that they require manual work to edit. And it takes a lot of time and the user needs to watch each frame before editing. In this paper, we have developed a program about AI intelligence. The most...

We run experiments of first-price auctions with two groups, by which we directly detect the presence of bidders' loss aversion. Each human bidder bids against three pre-programmed computer bidders -- computers independently draw their values from the uniform distribution and bid their values in...

In the first quarter of 2022, the Stanford Computational Antitrust project team invited the partnering antitrust agencies to share their advances in implementing computational tools. Here are the results of the survey

Digital transformation capability (DTC), as an important capability to use digital technology to innovate business and management models, enables retailers reduce costs, and enhance production. It is the main driving force for restructuring the business ecosystem of retailers. To develop the DTC...

Newspapers and websites are reporting with strong emphasys the successes of quantum computing, obtained by the new quantum machines. It is therefore natural to ask ourselves some questions about these machines, in particular how do they operate, where are they physically and what is needed for...

Agent-based computational economics (ACE) has been attracting attention in recent years. This method, however, is challenging because of the complexity of the model’s structure due to the coexistence of systems for decision-making and those involved in financial transactions. Further, ACE...

In today's world where all tasks can be done with the speed of a single click, autonomous vehicles have come into picture which not only ensures safe self- driving but also an effortless driving experience. The demand of such vehicle tends to grow much more in the near future due to which...

This document is to get the readers acquainted with the idea of Digital Transformation and how it is changing the world around us. Digital Transformation is majorly related with the world business and its market