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The market for “lemons”: quality uncertainty and the market mechanism.
- Quarterly Journal of Economics,
, 1970
"... ..."
The Mechanisms of Governance
, 2005
"... The economics of governance is an effort to implement the “study of good order and workable arrangements,” where good order includes both spontaneous order in the market, which is a venerated tradition in economics ..."
Abstract
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Cited by 786 (9 self)
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The economics of governance is an effort to implement the “study of good order and workable arrangements,” where good order includes both spontaneous order in the market, which is a venerated tradition in economics
A comparison of stock market mechanisms
- RAND Journal of Economics
, 2004
"... A comparison of stock market mechanisms ..."
Crowdsourcing user studies with Mechanical Turk
- Proc. CHI 2008, ACM Pres
, 2008
"... User studies are important for many aspects of the design process and involve techniques ranging from informal surveys to rigorous laboratory studies. However, the costs involved in engaging users often requires practitioners to trade off between sample size, time requirements, and monetary costs. M ..."
Abstract
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Cited by 461 (8 self)
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. Micro-task markets, such as Amazon’s Mechanical Turk, offer a potential paradigm for engaging a large number of users for low time and monetary costs. Here we investigate the utility of a micro-task market for collecting user measurements, and discuss design considerations for developing remote micro
Social capital, intellectual capital, and the organizational advantage
- Academy of Management Review
, 1998
"... Scholars of the theory of the firm have begun to emphasize the sources and conditions of what has been described a s "the organizational advantage, " rather than focus on the causes and consequences of market failure. Typically, researchers see such organizational advantage a s accruing fr ..."
Abstract
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Cited by 1215 (2 self)
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Scholars of the theory of the firm have begun to emphasize the sources and conditions of what has been described a s "the organizational advantage, " rather than focus on the causes and consequences of market failure. Typically, researchers see such organizational advantage a s accruing
Finance and growth: Theory and evidence
, 2004
"... This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermedia ..."
Abstract
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Cited by 489 (23 self)
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intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development
Assemblage of a market mechanism
- Journal of the Center for Information Studies
, 2004
"... In this paper, we address the mechanistic character of markets through an empirical investigation on the automation of a stock exchange: the Paris Bourse. In this market, open outcry was fully replaced by an automated trade execution system in the late 1980s: since then, the confrontation of buy and ..."
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Cited by 3 (1 self)
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and sell orders was to be performed by an algorithm. We show how the officials and engineers in charge of the innovation process where constantly combining technical and social elements in order to make the new market mechanism hold together. They had to carefully inscribe into the new market device
Specifying and Monitoring Market Mechanisms
- In: Proc. AMEC VI. (2004
, 2004
"... We provide a formal scripting language to capture the semantics of market mechanisms. The language is based on a set of welldefined principles, and is designed to capture an agent's rights, as derived from property, and an agent's obligations, as derived from restrictions placed on its ..."
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We provide a formal scripting language to capture the semantics of market mechanisms. The language is based on a set of welldefined principles, and is designed to capture an agent's rights, as derived from property, and an agent's obligations, as derived from restrictions placed
ASYMPTOTICALLY OPTIMAL MARKET MECHANISMS
, 2001
"... Because rational agents use their private information strategically in many trading environments any budget balanced, incentive compatible, and individually rational market mechanism will be inefficient. This paper is concerned with the emerging inefficiencies as the number of traders becomes large. ..."
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Because rational agents use their private information strategically in many trading environments any budget balanced, incentive compatible, and individually rational market mechanism will be inefficient. This paper is concerned with the emerging inefficiencies as the number of traders becomes large
Market Mechanisms for Network Resource Sharing
, 1999
"... The theme of this thesis is the design and analysis of decentralized and distributed market mechanisms for resource sharing in multiservice networks. The motivation for a market-based approach is twofold. First, in modern multiservice networks, resources such as bandwidth and buffer space have dif ..."
Abstract
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Cited by 45 (7 self)
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The theme of this thesis is the design and analysis of decentralized and distributed market mechanisms for resource sharing in multiservice networks. The motivation for a market-based approach is twofold. First, in modern multiservice networks, resources such as bandwidth and buffer space have
Results 1 - 10
of
10,916