MIT Initiative in the Digital Economy MIT Sloan School of Management 245 First St, place E94-1521 Cambridge, MA 02142-1347 617-452-3216
Latest MIT Analysis Papers Learn the Digital Economy, Efficiency Pay
As online platform models gain acceptance, brand brand new design and company problems arise, too. Two brand new research documents from MIT Sloan post-doctoral associates examine the appearing electronic economy issues of online market official official certification, together with financial value of on-demand ride-sharing platforms. A 3rd paper that is postdoctoral the consequence of performance pay on research efficiency.
Xiang Hui, talked about electronic market official Certification, Reputation and Entry, at A november 29, 2017 ide seminar. Making use of e-bay due to the fact topic, Hui and their co-authors learned exactly just how quality-certification affects entry and item quality in markets. Utilizing an insurance plan modification across 400-plus market portions on e-bay, they unearthed that a more demanding official certification procedure increases entry. In addition, the product quality circulation of entrants gain fatter tails. The writers then talked about implications for the look of official official certification policies in areas.
More broadly, additionally they discovered that encouraging and incentivizing top-notch vendors not just boosts client satisfaction on the platform, but is also vital that you innovation that is economic.
The Case for Ride-Sharing
The rise of ride-sharing platforms has prompted heated debates requiring thorough evaluation regarding the market to steer policy choices. Meng Liu offered her findings on Demand and Consumer Surplus within the On-demand Economy: the full case of Ride Sharing, in the IDE seminar also. The overarching question Liu along with her co-author studied is just how financial value is established by on-demand ride-sharing platforms. […]