The disruption of sharing economy services to incumbent firms has attracted growing attention. Yet, the literature is silent on how incumbents respond to the rivalry and the resulted consequences. We investigate incumbent hotels' adjustment on quality after home sharing's entry using management...

As digital platforms continue to thrive, data transparency has attracted significant interest from researchers and regulators. Advocates argue that digital platforms cannot be well governed without access to their user data, while proposals to grant governments access to user data are...

Algorithms penetrate housing markets and have far-reaching effects on household well-being. We study algorithmic buyers (iBuyers) - through which platforms use algorithms to quickly value, buy, and sell homes - and their impact on housing affordability. Using millions of Zillow transaction data...

As cities debate regulations of Airbnb and other home-sharing services, we study the impacts of home sharing on local residential real estate markets. By leveraging a unique quasi-experiment on Airbnb—a platform policy that caps the number of properties a host can manage in a city, we present...

We study professional players and their impacts in peer-to-peer (P2P) markets. P2P markets predominantly consisted of individual, nonprofessional agents but have recently witnessed a rapid influx of corporate suppliers and other professional agents who capitalize on these platforms. What is the...

The advent of crypto tokens has enabled ventures to raise funding through initial coin offerings (ICOs) to develop their blockchain-based applications. As of May 2019, ventures worldwide have raised over $27 billion from token-based financing. Yet, whether and how this new funding method assists...