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Alan Sorensen

dblp:61/11234 · DBLP profile ↗
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1ranked-venue papers
0as first author
1since 2021 · last 2022
—ORCID · none

Domains — the database's venue-derived domains; a paper can count in several

Artificial intelligence and machine learning · 1 · 1 since 2021Theory of computation · 1 · 1 since 2021

Expertise — from the expertise taxonomy: the topics of the expert's papers under the CCF categories. A weight counts papers with recency: 1 for a paper about the topic, 0.3 when the topic is its context, halved every five years.

Interdisciplinary, comprehensive, and emerging computing
1 paper
Computational finance and economics · 100%
Databases, data mining, and information retrieval
1 paper
Data mining · 50% Recommender systems · 50%

Topics — the 3 heaviest of 3, each with the papers that count most for it

TopicWeightPapersLastEvidence papers
Computational finance and economics › economic modeling
demand estimation
0.612022
Embeddings and Distance-based Demand for Differentiated Products · EC 2022
Recommender systems › representation learning for recommendation
embedding-based recommendation
0.212022
Embeddings and Distance-based Demand for Differentiated Products · EC 2022
Data mining
representation learning
0.212022
Embeddings and Distance-based Demand for Differentiated Products · EC 2022

Methods — techniques the papers use, named apart from their topics

log-linear demand model · 1.1triplet embeddings · 0.6triplet embedding · 0.6
YearPublicationVenuePosition
2022 Embeddings and Distance-based Demand for Differentiated Products
abstract
We propose a simple method to estimate demand in markets for differentiated products. The method augments price and quantity data with triplets data (of the form "product A is closer to B than it is to C'') obtained from an online survey. Using a machine learning algorithm, the triplets data are used to estimate an embedding---i.e., a low-dimensional representation of the latent product space. Distances between pairs of products, computed from the embedding, discipline substitution patterns in a simple log-linear demand model. This approach solves the dimensionality problem of product-space demand models (too many cross-price elasticity parameters to estimate). We illustrate the performance of the method by estimating demand for ready-to-eat cereals and comparing our estimates to those obtained from the standard method of (BLP). We find that our elasticity estimates imply credible substitution patterns and compare favorably to the BLP estimates. Beyond our current implementation of the method, the embedding data can be incorporated in either characteristic-space demand approaches, or in more complex product-space models.
Lorenzo Magnolfi, Jonathon McClure, Alan Sorensen
EC3