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A repeated challenge in launching a two-sided market platform is how to ignite the cross-side network effects to jumpstart adoption. This issue is often addressed in the literature by using pricing controls, which frequently reveals an optimal solution structure: subsidizing one side of the...
Persistent link: https://www.econbiz.de/10012900155
Despite the growing popularity of online public funding for education (i.e., crowdfunding), controversy persists about whether teachers' efforts to use this channel are justified and whether donations thus received can actually make a difference in students' academic performance. We present the...
Persistent link: https://www.econbiz.de/10012851962
Despite the popularity of the phrase “wisdom of the crowd,” not all crowds are wise because not everyone in them acts in an informed, rational manner. Identifying informative actions, therefore, can help to isolate the truly “wise” part of a crowd. Motivated by this idea, we evaluate the...
Persistent link: https://www.econbiz.de/10014088712