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How Information Technology Overcomes Deficiencies for Innovation in Small and Medium-Sized Enterprises: Closed Innovation vs. Open Innovation 信息技术如何克服中小企业创新的不足:封闭式创新与开放式创新
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-04-15 DOI: 10.1287/isre.2021.0096
Mariana G. Andrade-Rojas, Terence J. V. Saldanha, Abhishek Kathuria, Jiban Khuntia, Waifong Boh
Innovation is vital for the growth of small and medium-sized enterprises (SMEs). However, SMEs face deficiencies that hinder their innovation output. This study examines how information technology (IT) helps SMEs address two salient deficiencies: technological deficiency (deficiency in internal technical knowledge and skills) and government support deficiency (deficiency in favorable government policies and incentives). Our findings suggest that SME managers can achieve greater innovation output by orienting their IT-enabled innovation efforts in an open or closed manner to address specific deficiencies. They can address technological deficiency by focusing their IT efforts on promoting innovation within the firm, that is, using IT to support closed innovation. In contrast, SMEs that face government support deficiency should give preference to IT Use for Open Innovation Activities to collaborate with external constituents such as customers and suppliers. Furthermore, because of the emergence of digital platforms (e.g., crowdsourcing), managers may be overly biased toward the use of open innovation. Our results suggest that both open and closed IT-enabled innovation have value. We exhort SME managers not to disregard either form of IT-enabled innovation but rather to tailor their approach to suit their organizational context based on specific deficiencies that their firm faces.
创新对中小型企业(SMEs)的发展至关重要。然而,中小企业面临着阻碍其创新产出的缺陷。本研究探讨了信息技术(IT)如何帮助中小企业解决两个突出的缺陷:技术缺陷(内部技术知识和技能的缺陷)和政府支持缺陷(有利的政府政策和激励措施的缺陷)。我们的研究结果表明,中小企业管理者可以通过以开放或封闭的方式引导信息技术支持的创新工作,以解决特定的缺陷,从而实现更大的创新产出。他们可以将信息技术工作的重点放在促进企业内部创新上,即利用信息技术支持封闭式创新,从而解决技术缺陷问题。相比之下,面临政府支持不足的中小企业应优先考虑利用信息技术开展开放式创新活动,与客户和供应商等外部人员合作。此外,由于数字平台(如众包)的出现,管理者可能会过度偏向于使用开放式创新。我们的研究结果表明,由信息技术支持的开放式创新和封闭式创新都具有价值。我们告诫中小企业管理者不要忽视任何一种形式的信息技术创新,而是要根据企业面临的具体不足,量身定制适合其组织环境的方法。
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引用次数: 0
Gaining a Seat at the Table: Enhancing the Attractiveness of Online Lending for Institutional Investors 赢得一席之地:增强网络借贷对机构投资者的吸引力
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-04-05 DOI: 10.1287/isre.2022.0638
Ram D. Gopal, Xiao Qiao, Moris S. Strub, Zonghao Yang
This paper investigates the suitability of online loans as an investment through the lens of a portfolio optimization framework. We propose general characteristics-based portfolio policy (GCPP), a framework which overcomes unique challenges associated with building a portfolio of online loans. GCPP directly models the portfolio weight of a loan as a flexible function of its characteristics and does not require direct estimation of the distributional properties of loans. Using an extensive data set spanning over one million loans from 2013 to 2020 from LendingClub, we show that GCPP portfolios can achieve an average annualized internal rate of return (IRR) of 8.86% to 13.08%, significantly outperforming an equal-weight portfolio of loans. To assess the attractiveness of online loans, we then compare the performance of the GCPP portfolio to traditional investment vehicles including stocks, bonds, and real estate. The results demonstrate that a portfolio of online loans earns competitive or higher rates of return compared to traditional asset classes with limited comovement. These results indicate that online loans are an attractive novel asset class for investors. Together, we demonstrate that GCPP is an approach that can help platforms better serve both borrowers and lenders en route to growing their business.
本文通过投资组合优化框架的视角,研究网络贷款作为一种投资的适宜性。我们提出了基于一般特征的投资组合政策(GCPP),这一框架克服了与建立在线贷款投资组合相关的独特挑战。GCPP 直接将贷款的投资组合权重建模为其特征的灵活函数,无需直接估计贷款的分布属性。通过使用 LendingClub 2013 年至 2020 年期间超过 100 万笔贷款的广泛数据集,我们发现 GCPP 投资组合的平均年化内部收益率(IRR)可达到 8.86% 至 13.08%,显著优于等权重贷款组合。为了评估在线贷款的吸引力,我们将 GCPP 投资组合的表现与股票、债券和房地产等传统投资工具进行了比较。结果表明,网络贷款投资组合的收益率与传统资产类别相比具有竞争力或更高,但其相关性有限。这些结果表明,对投资者而言,网络贷款是一种极具吸引力的新型资产类别。总之,我们证明了 GCPP 是一种可以帮助平台在业务增长的过程中更好地服务于借贷双方的方法。
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引用次数: 0
Punished for Success? A Natural Experiment of Displaying Clinical Hospital Quality on Review Platforms 因成功而受惩罚?在评审平台上显示临床医院质量的自然实验
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-04-04 DOI: 10.1287/isre.2021.0630
Lianlian (Dorothy) Jiang, Jinghui (Jove) Hou, Xiao Ma, Paul A. Pavlou
The healthcare market struggles with information asymmetry, limiting patients’ ability to make informed hospital choices. Aiming to bridge this gap, review platforms like Yelp have begun displaying hospitals’ clinical quality data alongside consumer reviews. However, our research uncovers that Yelp’s introduction of maternity care clinical quality measures unexpectedly resulted in lower subsequent Yelp ratings for high-quality hospitals with insufficient staffing. Employing precise foot traffic data and transfer deep learning, we discovered that high-quality, yet understaffed, hospitals experienced a surge in patient volume, which strained their resources and diminished patient satisfaction, leading to negative reviews. This finding has significant implications, signaling the unintended consequences of revealing clinical quality measures, including potential financial losses for hospitals because of reduced federal funding. This research not only contributes to our understanding the dynamics of patient satisfaction but also, offers actionable insights for high-quality hospitals to mitigate the negative impacts of unexpected visibility on review platforms. Our research underscores the importance for patients to discern between objective clinical quality measures and self-reported subjective ratings in their decision-making process. This research applies machine learning and transfer deep learning techniques to healthcare analytics, offering a deeper understanding of the interplay between information disclosure, online reviews, patient satisfaction, and hospital management.
医疗市场存在信息不对称的问题,限制了患者对医院做出明智选择的能力。为了弥补这一差距,Yelp 等点评平台开始在显示消费者点评的同时显示医院的临床质量数据。然而,我们的研究发现,Yelp 引入孕产妇护理临床质量衡量标准后,出乎意料地导致了人员配备不足的高质量医院在 Yelp 上的后续评分降低。利用精确的人流量数据和转移深度学习,我们发现,高质量但人员不足的医院经历了患者数量激增,这使其资源紧张,降低了患者满意度,从而导致负面评论。这一发现具有重大意义,表明揭示临床质量衡量标准会带来意想不到的后果,包括由于联邦资金减少而给医院造成的潜在经济损失。这项研究不仅有助于我们了解患者满意度的动态变化,还为高质量医院提供了可操作的见解,以减轻意外曝光对评论平台的负面影响。我们的研究强调了患者在决策过程中辨别客观临床质量衡量标准和自我报告的主观评价的重要性。这项研究将机器学习和转移深度学习技术应用于医疗分析,为信息披露、在线评论、患者满意度和医院管理之间的相互作用提供了更深入的理解。
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引用次数: 0
Blessing or Curse? Implications of Data Brokers for Publisher Competition 福还是祸?数据经纪人对出版商竞争的影响
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-04-01 DOI: 10.1287/isre.2022.0227
Xin Zhang, Wei Thoo Yue, Ran (Alan) Zhang, Yugang Yu
The explosion of consumer data has spawned a burgeoning data broker industry, pivotal in targeted advertising. A recent media report estimates the worth of the data broker industry by 2030 at approximately $382 billion. Key players such as Oracle and Lotame gather data from diverse sources to create and sell valuable insights. Digital publishers often rely on these brokers to gain (i) individual insights drawn from their own data or (ii) collective insights drawn from both their data and those of their competitors, improving their targeting precision. This study develops an analytical model to explore the competitive implications of data brokers in a targeted advertising market with two competing publishers and a mass of advertisers. It reveals that the data broker might strategically price their insights to exclusively offer collective insights to one publisher, thereby altering market competition. Moreover, the broker’s actions can either foster or hinder competition among publishers, depending on its strategic interests. Despite potentially reducing market competition through exclusive selling, the provision of collective insights can enhance aggregate welfare by enhancing publishers’ targeting capability. This illustrates the nuanced interplay between data brokers, publishers, and advertisers in shaping the landscape of targeted advertising.
消费者数据的爆炸式增长催生了一个蓬勃发展的数据经纪行业,该行业在定向广告中举足轻重。最近的一份媒体报道估计,到 2030 年,数据经纪行业的价值约为 3820 亿美元。甲骨文(Oracle)和 Lotame 等主要企业从不同来源收集数据,以创造和销售有价值的洞察力。数字出版商通常依靠这些数据经纪商来获得(i)从自身数据中汲取的个体洞察力,或(ii)从自身及其竞争对手的数据中汲取的集体洞察力,从而提高目标定位的精准度。本研究建立了一个分析模型,以探讨在有两家相互竞争的出版商和大量广告商的定向广告市场中,数据经纪人的竞争影响。研究发现,数据经纪人可能会对其洞察力进行战略性定价,只向一家出版商提供集体洞察力,从而改变市场竞争格局。此外,数据经纪人的行为既可能促进也可能阻碍出版商之间的竞争,这取决于其战略利益。尽管独家销售可能会减少市场竞争,但集体洞察的提供可以通过提高出版商的目标定位能力来提高总体福利。这说明了数据经纪人、出版商和广告商之间在塑造定向广告格局方面的微妙相互作用。
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引用次数: 0
Linking Clicks to Bricks: Understanding the Effects of Email Advertising on Multichannel Sales 将点击与砖块联系起来:了解电子邮件广告对多渠道销售的影响
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-25 DOI: 10.1287/isre.2020.0557
Mi Zhou, Vibhanshu Abhishek, Edward H. Kennedy, Kannan Srinivasan, Ritwik Sinha
Businesses have widely used email ads to directly send promotional information to consumers. Whereas email ads serve as a convenient tool that allows firms to target consumers online, there is little evidence of their multichannel impact on consumer spending in both online and brick-and-mortar stores. In this paper, we utilize a unique high-dimensional data set from one of the world’s largest office supplies retailers to link each consumer’s online behaviors to item-level purchase records in physical stores. We employ a doubly robust estimator that incorporates nonparametric machine learning methods for causal estimation of observational data. Our results show that email ads significantly increase the retailer’s sales across different channels. We also investigate the effects of email ads on diverse consumer behaviors along the purchase funnel and find that increased sales result from increased purchase probability and a wider variety of products purchased by consumers. Further, we examine several moderating factors, such as product types and consumer segments, that influence the multichannel effects of email advertising. Our study provides empirical evidence for the economic impact of email ads on consumer behavior across different channels and the underlying mechanisms thereof, offering direct implications for multichannel retailers seeking to improve their digital marketing strategies.
企业广泛使用电子邮件广告直接向消费者发送促销信息。虽然电子邮件广告是一种方便的工具,使企业能够在线锁定目标消费者,但很少有证据表明其对消费者在网店和实体店消费的多渠道影响。在本文中,我们利用来自全球最大办公用品零售商之一的独特高维数据集,将每位消费者的在线行为与实体店的商品购买记录联系起来。我们采用了一种双重稳健估算器,该估算器结合了用于观察数据因果估算的非参数机器学习方法。我们的结果表明,电子邮件广告大大提高了零售商在不同渠道的销售额。我们还研究了电子邮件广告对消费者在购买漏斗中的各种行为的影响,发现销售额的增加源于消费者购买概率的增加和购买产品种类的增多。此外,我们还研究了影响电子邮件广告多渠道效应的几个调节因素,如产品类型和消费者细分。我们的研究为电子邮件广告对不同渠道消费者行为的经济影响及其内在机制提供了实证证据,为多渠道零售商改进其数字营销策略提供了直接启示。
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引用次数: 0
Mobile Push vs. Pull Targeting and Geo-Conquesting 移动推式与拉式目标定位和地理查询
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-13 DOI: 10.1287/isre.2021.0206
Dominik Molitor, Martin Spann, Anindya Ghose, Philipp Reichhart
Firms have two distinct options when delivering content to consumers’ mobile devices: mobile push and mobile pull. Mobile push delivers firm-initiated (ad) content directly to consumers, while mobile pull requires consumers to initiate requests for (ad) content. This study tests the impact of mobile push and mobile pull on consumers’ coupon redemption behavior in a large-scale randomized field experiment in a geo-conquesting setting, targeting customers located around competitor retail stores with mobile coupons to drive them to stores of the focal retailer. The results show that mobile push increases coupon redemption rates by 6.0%, with substantial heterogeneity based on app-specific use experience and store density: App-specific use experience negatively moderates the effect of mobile push delivery on redemptions, likely because both usage experience and push notifications reduce app-specific search costs, thereby acting as substitutes for one another. In areas with higher store density, the positive effect of mobile push delivery on the redemption likelihood is greater, suggesting that push notifications can highlight the focal coupon among alternative store choices, thereby reducing consumer switching costs. These findings have important implications for retailers and brands in creating competitive mobile targeting campaigns that effectively leverage both mobile push and pull delivery mechanisms.
企业在向消费者的移动设备提供内容时有两种不同的选择:移动推送和移动拉动。移动推送将企业发起的(广告)内容直接发送给消费者,而移动拉动则需要消费者主动请求(广告)内容。本研究通过大规模随机现场实验,测试了移动推送和移动拉动对消费者兑换优惠券行为的影响,实验以地理位置为背景,针对竞争对手零售店周围的顾客发放移动优惠券,将他们引向重点零售商的零售店。实验结果表明,移动推送使优惠券兑换率提高了 6.0%,而应用程序的特定使用体验和商店密度会产生很大的异质性:特定应用的使用体验会对移动推送对兑换率的影响产生负面调节作用,这可能是因为使用体验和推送通知都会降低特定应用的搜索成本,从而起到相互替代的作用。在商店密度较高的地区,手机推送对兑换可能性的积极影响更大,这表明推送通知可以在其他商店选择中突出重点优惠券,从而降低消费者的转换成本。这些研究结果对于零售商和品牌商有效利用移动推送和拉动式投放机制,创建具有竞争力的移动目标营销活动具有重要意义。
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引用次数: 0
Mr. Right or Mr. Best: The Role of Information Under Preference Mismatch in Online Dating Mr. Right or Mr. Best: The Role of Information Under Preference Mismatch in Online Dating(合适的先生还是最好的先生:在线约会中信息在偏好错配下的作用
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-13 DOI: 10.1287/isre.2022.0233
Hongchuan Shen, Chu (Ivy) Dang, Xiaoquan (Michael) Zhang
The rise of two-sided matching platforms such as Uber, Airbnb, Upwork, and Tinder has changed the way we commute, travel, work, and even date. The success of these platforms depends on the role of information: What information and how much information should be provided? In this study, we focus on a defining characteristic of two-sided matching markets—that is, a match depends on the possibly different preferences of the two sides—and argue that the optimal amount of information released depends on the extent to which the preferences of the two sides are mismatched. Specifically, in an empirical context of online dating, we find that when there exists preference mismatch between the two sides, having less match-relevant information about the other side leads to a better matching outcome. Our study provides insights into how the amount of information available to each side affects matching outcomes on two-sided platforms and offers guidance on information design strategies. Additionally, our findings are not confined to dating websites and can be extended to other matching platforms, such as Airbnb and Upwork, where misaligned preferences can exist between the two sides.
Uber、Airbnb、Upwork 和 Tinder 等双向匹配平台的兴起改变了我们的通勤、旅行、工作甚至约会方式。这些平台的成功取决于信息的作用:应该提供哪些信息和多少信息?在本研究中,我们将重点放在双面匹配市场的一个决定性特征上,即匹配取决于双方可能不同的偏好,并认为最佳信息发布量取决于双方偏好的不匹配程度。具体来说,在网上交友的实证背景下,我们发现当双方存在偏好不匹配时,掌握对方较少的匹配相关信息会带来更好的匹配结果。我们的研究深入揭示了双方可获得的信息量如何影响双向平台上的匹配结果,并为信息设计策略提供了指导。此外,我们的研究结果并不局限于交友网站,还可以推广到其他匹配平台,如 Airbnb 和 Upwork,因为在这些平台上双方可能存在偏好不一致的情况。
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引用次数: 0
Integrated Decision Support for Disaster Risk Management: Aiding Preparedness and Response Decisions in Wildfire Management 灾害风险管理综合决策支持:帮助野火管理中的备灾和救灾决策
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-12 DOI: 10.1287/isre.2022.0118
Daniel Suarez, Camilo Gomez, Andrés L. Medaglia, Raha Akhavan-Tabatabaei, Sthefania Grajales
A central challenge in disaster risk management (DRM) is that there are key dependencies and uncertainty between the decisions made at the mitigation, preparedness, response, and recovery stages. Decision support systems for disaster management require information systems that allow timely and reliable integration of data sources from different domains, including information on hazards and vulnerabilities for risk analysis, as well as organizational and logistical information for decision analysis. We propose an analytics-centered framework that integrates predictive and prescriptive models responding to unique characteristics of DRM. The framework relies on probabilistic risk assessment and uses optimization-based simulation of the response phase as a means to inform decisions at the preparedness stage. This paper presents a case study regarding the analysis of preparedness and response decisions for wildfire control in Uruguay. Numerical results illustrate insights from the risk-informed analyses. For instance, slight reductions in the preparedness budget can lead to disproportionate losses during the response stage, whereas slight increases have little effect unless explicitly directed to control high-consequence scenarios. Motivated by a real-world problem, this case study emphasizes the challenges for integrated information systems that enable the potential of analytical decision support frameworks for DRM.
灾害风险管理(DRM)的一个核心挑战是,减灾、备灾、救灾和灾后恢复阶段的决策之间存在关键的依赖关系和不确定性。灾害管理决策支持系统要求信息系统能够及时可靠地整合来自不同领域的数据源,包括用于风险分析的危害和脆弱性信息,以及用于决策分析的组织和后勤信息。我们提出了一个以分析为中心的框架,该框架整合了预测性和规范性模型,以应对灾难恢复管理的独特特征。该框架依赖于概率风险评估,并将基于优化的响应阶段模拟作为一种手段,为备灾阶段的决策提供信息。本文介绍了一项关于乌拉圭野火控制准备和响应决策分析的案例研究。数值结果说明了风险知情分析的见解。例如,在应对阶段,防备预算的轻微减少会导致不成比例的损失,而轻微增加则影响甚微,除非明确用于控制后果严重的情况。本案例研究以现实世界中的一个问题为动机,强调了综合信息系统所面临的挑战,这些挑战使灾害风险管理分析决策支持框架的潜力得以发挥。
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引用次数: 0
Enhancing User Privacy Through Ephemeral Sharing Design: Experimental Evidence from Online Dating 通过短暂共享设计增强用户隐私:在线约会的实验证据
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-11 DOI: 10.1287/isre.2021.0379
Yumei He, Xingchen Xu, Ni Huang, Yili Hong, De Liu
In the dynamic world of online dating, a key challenge faced by platforms is the cold-start problem, where newly matched users are hesitant to engage due to privacy concerns. Our solution, ephemeral sharing, addresses this by balancing privacy with the need for personal information sharing. This feature allows personal photos to disappear and become untraceable soon after being viewed, reassuring users about their privacy. We conducted a large-scale randomized experiment with more than 70,000 users to evaluate the impact of ephemeral sharing. The results are compelling: users who could share ephemeral photos were more likely to send personal images alongside with their matching request, especially those with human faces, leading to more matches and higher engagement. Significantly, this effect was more pronounced among users who are more sensitive to their privacy. Furthermore, ephemeral sharing was found to reduce users’ concerns related to data collection, dissemination, and identity misuse, thereby increasing the willingness to share personal information. This approach not only enhances user privacy but also stimulates more active engagement on the platform. For dating platforms and similar platforms, adopting ephemeral sharing can revolutionize user experience. It provides a strategic advantage by boosting user personal information sharing and enhancing privacy, crucial for maintaining meaningful communication in online dating. This feature represents a significant step forward in designing user-centric, privacy-conscious platforms.
在充满活力的在线约会世界中,平台面临的一个主要挑战是冷启动问题,即新匹配的用户因隐私问题而犹豫不决。我们的解决方案--"短暂共享"--通过平衡隐私与个人信息共享的需求来解决这一问题。该功能允许个人照片在被浏览后很快消失并变得无法追踪,从而让用户对自己的隐私放心。我们对 7 万多名用户进行了大规模随机试验,以评估短暂共享的影响。实验结果令人信服:可以分享短暂照片的用户更有可能在发送配对请求的同时发送个人照片,尤其是带有人脸的照片,从而获得更多的配对机会和更高的参与度。值得注意的是,这种效果在对自己隐私更敏感的用户中更为明显。此外,研究还发现,短暂共享可减少用户对数据收集、传播和身份滥用的担忧,从而提高用户共享个人信息的意愿。这种方法不仅能提高用户隐私保护,还能激发用户更积极地参与到平台中来。对于交友平台和类似平台来说,采用短暂共享可以彻底改变用户体验。它通过促进用户个人信息共享和加强隐私保护提供了战略优势,而这对于保持在线约会中的有意义交流至关重要。这一功能标志着在设计以用户为中心、注重隐私的平台方面迈出了重要一步。
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引用次数: 0
Monitoring and the Cold Start Problem in Digital Platforms: Theory and Evidence from Online Labor Markets 数字平台中的监控与冷启动问题:来自在线劳动力市场的理论与证据
IF 4.9 3区 管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE Pub Date : 2024-03-06 DOI: 10.1287/isre.2021.0146
Chen Liang, Yili Hong, Bin Gu
In the realm of online labor platforms, addressing moral hazard is crucial. Reputation systems have been the conventional solution, yet they pose a cold-start problem for newcomers. Alternatively, monitoring systems provide real-time oversight to employers, directly tackling moral hazard. This study combines theory and empirical analysis using data from a leading online labor platform. We find that monitoring systems effectively reduce the cold-start problem, leading to a 27.8% increase in bids on projects, primarily from inexperienced workers. We further find that following the introduction of the monitoring system, employers’ preference for experienced workers diminishes, accompanied by an average reduction of 19.5% in labor costs, whereas we observe no significant decrease in project completion and review rating. Our results collectively suggest that monitoring systems alleviate the cold-start problem in online platforms and contribute to fostering a more inclusive online labor market.
在网络劳动平台领域,解决道德风险问题至关重要。声誉系统一直是传统的解决方案,但对新手来说会带来冷启动问题。另外,监控系统可为雇主提供实时监督,直接解决道德风险问题。本研究利用领先的在线劳务平台的数据,将理论与实证分析相结合。我们发现,监控系统有效地减少了冷启动问题,使项目投标增加了 27.8%,其中主要来自缺乏经验的工人。我们还发现,在引入监控系统后,雇主对有经验工人的偏好减少了,同时劳动力成本平均降低了 19.5%,而我们观察到项目完成度和审查评级没有显著下降。我们的研究结果共同表明,监控系统缓解了在线平台的冷启动问题,有助于促进更具包容性的在线劳动力市场。
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引用次数: 0
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