MIT Initiative from the Digital Economy MIT Sloan School of Management 245 First St, area E94-1521 Cambridge, MA 02142-1347 617-452-3216
Latest MIT Research Papers Learn the Digital Economy, Efficiency Pay
As online platform models gain acceptance, brand new design and company problems arise, too. Two research that is new from MIT Sloan post-doctoral associates examine the appearing electronic economy issues of online market official certification, together with financial worth of on-demand ride-sharing platforms. A 3rd postdoctoral paper studies the consequence of performance pay on research efficiency.
Xiang Hui, talked about electronic market official Certification, Reputation and Entry, at A november 29, 2017 ide seminar. Utilizing e-bay once the topic, Hui and their co-authors learned exactly just exactly how quality-certification impacts product and entry quality in areas. Making use of an insurance plan modification across 400-plus market portions on eBay, they discovered that a far more demanding official certification procedure increases entry. In addition, the standard circulation of entrants gain fatter tails. The writers then talked about implications for the style of official certification policies in areas.
More broadly, additionally they discovered that encouraging and incentivizing top-quality vendors not just boosts client satisfaction regarding the working platform, but is also crucial that you innovation that is economic.
The Case for Ride-Sharing
The rise of ride-sharing platforms has prompted heated debates requiring thorough evaluation associated with the market to steer policy choices. Meng Liu delivered her findings on Demand and Consumer Surplus into the On-demand Economy: the scenario of Ride Sharing, in the IDE seminar too. The question that is overarching and her co-author examined is just how economic value is done by on-demand ride-sharing platforms. 继续阅读“We Let You Know About MIT Initiative from the Digital Economy”