Showing 1 - 10 of 97
Digital labor markets are rapidly expanding and connecting companies and contractors on a global basis. We review the environment in which these markets take root, the micro- and macro-level studies of their operations, their ongoing evolution and recent trends, and perspectives for undertaking...
Persistent link: https://www.econbiz.de/10012956400
increasingly central role in tech companies – tackling problems such as platform design, strategy, pricing, and policy. Over the …
Persistent link: https://www.econbiz.de/10012910663
that retail margins are on the order of 10%, and use the model to analyze the design of search rankings. Our model explains … most of the effects of a major re-design of eBay's product search, and allows us to identify conditions where narrowing …
Persistent link: https://www.econbiz.de/10013032706
settings as reflected by user responses to market design features (allocation of visibility, investments in human capital …
Persistent link: https://www.econbiz.de/10013062548
Platform marketplaces can potentially steer buyers to certain sellers by recommending or guaranteeing those sellers …. Money-back guarantees—which create a direct financial stake for the platform in seller performance—might be particularly … effective at steering, as they align buyer and platform interests in creating a good match. We report the results of an …
Persistent link: https://www.econbiz.de/10013323442
This paper estimates the magnitude and distribution of surplus from the knowledge worker gig economy using data from an online labor market. Labor demand elasticities determine workers’ wages, and buyers’ past market experience shapes both their job posting frequency and hiring rates. We...
Persistent link: https://www.econbiz.de/10014346585
We study how search and information frictions shape market dynamics in global e-commerce. Observational data and self-collected quality measures from AliExpress establish the existence of search and information frictions. A randomized experiment that offers new exporters exogenous demand and...
Persistent link: https://www.econbiz.de/10014244045
We document that the recent decline in aggregate volatility has been accompanied by a large increase in firm level risk. The negative relationship between firm and aggregate risk seems to be present across industries in the US, and across OECD countries. Firm volatility increases after...
Persistent link: https://www.econbiz.de/10013102061
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade –...
Persistent link: https://www.econbiz.de/10013065018