CONTEXTA Basis for ManagementInformation ValueInformation and WorkInformation and ManagementInformation and OrganizationInformation as Corporate MemoryInformation Is the EnterpriseInformation as Capital AssetEnhancing Information's ValueConsequencesConclusionsRemoving HindrancesUnavailable...

We study platform markets in which the information about users' preferences is dispersed. First, we show how the dispersion of information introduces idiosyncratic uncertainty about participation decisions and how the latter shapes the elasticity of the demands and the equilibrium prices. We...

In most firms, if not all, workers are divided asymmetrically in terms of authority and responsibility. In this paper, we view the asymmetric allocations of authority and responsibility as essential features of hierarchy and examine why hierarchies often prevail in organizations from that...