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Latest MIT Analysis Papers Research the Digital Economy, Efficiency Pay
As online platform models gain acceptance, brand brand new design and company dilemmas arise, too. Two brand new research papers from MIT Sloan post-doctoral associates examine the growing electronic economy concerns of online market official official certification, and also the financial value of on-demand ride-sharing platforms. A 3rd paper that is postdoctoral the end result of performance pay on research productivity.
Xiang Hui, talked about electronic market official official official Certification, Reputation and Entry, at a 29, 2017 ide seminar november. Utilizing e-bay due to the fact topic, Hui and their co-authors learned just how quality-certification impacts entry and item quality in areas. Making use of an insurance policy modification across 400-plus market portions on e-bay, they unearthed that a far more demanding certification procedure increases entry. In addition, the standard circulation of entrants gain fatter tails. The authors then talked about implications for the look of official certification policies in areas.
More broadly, in addition they discovered that encouraging and incentivizing top-quality vendors not merely boosts client satisfaction regarding the platform, but may be vital that you innovation that is economic.
The Case for Ride-Sharing
The rise of ride-sharing platforms has prompted heated debates requiring thorough evaluation for the market to steer policy choices. (more…)