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Persistent link: https://www.econbiz.de/10012703731
We develop a theoretical model of optimal growth in two-sided markets. The model posits that market output (number of transactions) is a function of the stock of supply and demand. This market output is modeled using a homogeneous function, which can have increasing or decreasing returns to...
Persistent link: https://www.econbiz.de/10012850494
We propose a theory of gig economies in which workers participate in a shared labor pool utilized by multiple firms. Since firms share the same pool of workers, they face a trade-off in setting pay rates; high pay rates are necessary to maintain a large worker pool and thus reduce the likelihood...
Persistent link: https://www.econbiz.de/10013241704
We develop an economic model of autonomous vehicle (AV) ride-hailing markets in which uncertain aggregate demand is served with a combination of a fixed fleet of AVs and an unlimited potential supply of human drivers (HVs). We analyze market outcomes under two dispatch platform structures...
Persistent link: https://www.econbiz.de/10013290884