This Chapter analyzes the ways in which digital platforms such as Uber and Airbnb are perfecting the deal and lowering transaction costs. The chapter argues that the three stages of pre-deal, deal-making, and post-deal, 1) search costs; 2) bargaining and decision costs; and 3) policing and...

The rise of the platform economy has been the subject of celebration and critique. Platform companies like Uber, Airbnb, and Postmates have been rightfully celebrated as positively disruptive, introducing much–needed competition in industries that have been otherwise over–mature and...

Regulators around the world are attempting to reconcile the changing demands of 21st century economies with the insights two schools of thought, New Governance and Behavioural Economics, are offering. The common emerging theme, expressed by the UK and American administrations as well as in other...

Social enforcement, the decentralized action by organizational actors of monitoring, identifying, and reporting legal violations, is widely recognized as a key factor in ensuring good governance. This article reports on a study conducted in the United States and Israel examining the behavior of...