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Digital platforms have grown rapidly, overcoming many market inefficiencies by facilitating direct interactions between … now efficiently reach huge markets. But the success of digital platforms created a concomitant challenge: differentiation … they hurt less reputable producers. Analysis of more than one million observations from two digital platforms—MusicShare (a …
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E-commerce and FinTech are currently booming in China. The growing consumer market is accompanied by internet finance … is seeing rapid growth that could affect financial stability. Applying FinTech and emerging technologies in … periods: pre-2017Q4 and post-2017Q4. The main findings of the paper demonstrate that the application of FinTech in China …
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assumption, which we relax. We find that, although monetary incentives are effective also with sociallyattentive agents, the … monetary incentives. We also show that the principal benefits from having a socially-attentive agent and how she optimally …
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Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance … Tirole (2011) to explore the effect of esteem-based incentives and their interaction with traditional monetary incentives. We … show that esteem-based incentives can indeed lead to a loss of control by generating multiple equilibria, some of which …
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