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This study focuses on collaborative economy platforms that specialize in purely digital tasks that require no physical delivery or proximity between workers and their clients, which we call Online Labour Markets (OLMs). They have a global reach. There is a debate on job fragmentation and...
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We investigate three alternative but complementary indicators of market power on one of the largest online labour markets (OLMs) in Europe: (1) the elasticity of labour demand, (2) the elasticity of labour supply, and (3) the concentration of market shares. We explore how these indicators relate...
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This report provides an overview of the relevant economic research literature on platforms or multi-sided online markets. It discusses platforms from a regulatory policy angle, including potential market failures in platforms, the extent of self-regulation and possible regulatory responses...
Persistent link: https://www.econbiz.de/10011980703
This paper starts with some basic economic characteristics of data that distinguish them from ordinary goods and services, including non-excludability and non-rivalry, economies of scope in data re-use and aggregation, the social value of data and their role in generating network effects. It...
Persistent link: https://www.econbiz.de/10013238430
Digital platforms, empowered by artificial intelligence algorithms, facilitate efficient interactions between consumers and merchants that allow the collection of profiling information which drives innovation and welfare. Private incentives, however, lead to information asymmetries resulting in...
Persistent link: https://www.econbiz.de/10014365917
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This paper provides an overview of the relevant economic research literature on platforms or multi-sided online markets. It discusses platforms from a regulatory policy angle, including potential market failures in platforms, the extent of self-regulation and possible regulatory responses...
Persistent link: https://www.econbiz.de/10012991591
Recent literature has shown that the existence of supply and demand-side non-generic complementarities ("demand-side linkages") within ecosystems raises questions about the pertinence of defining a single relevant market comprising substitute products ("substitutability approach"). However,...
Persistent link: https://www.econbiz.de/10012695130