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The theoretical literature on platforms and network effects predicts that the initial growth and takeoff of a platform … experiment in which invitations to join a newly launched platform were sent to 16,349 individuals and included randomized … consistent with subjective expectations playing a crucial role in shaping early adoption and platform takeoff. Statements …
Persistent link: https://www.econbiz.de/10014241635
platform may increase consumer welfare if network effects are large or may decrease welfare due to higher prices or reduction … in platform variety. We study the net effect of this trade-off in the context of the merger between the two largest … causally estimate network effects at the platform and market level. We find that consumers are, on average, not substantially …
Persistent link: https://www.econbiz.de/10014090941
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
settings as reflected by user responses to market design features (allocation of visibility, investments in human capital … efficiency in matching, production?)? We draw upon economic theory as well as evidence from empirical research on online contract …
Persistent link: https://www.econbiz.de/10013062548
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
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
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10013052107
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10013053836
In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages. A key decision facing firms worldwide is the extent of control to exert...
Persistent link: https://www.econbiz.de/10013014670