Online Labor Markets
The 6th Workshop on Internet and Network Economics (WINE), 2010
8 Pages Posted: 10 Oct 2010
Date Written: October 8, 2010
In recent years, a number of online labor markets have emerged that allow workers from around the world to sell their labor to an equally global pool of buyers. The creators of these markets play the role of labor market intermediary by providing institutional support and remedying informational asymmetries. In this paper, I explore market creators' choices of price structure, price level and investment in platforms. I also discuss competition among markets and the business strategies employed by market creators. The paper concludes with a discussion of the productivity and welfare effects of online labor.
Keywords: Online Labor Markets, Electronic Commerce
JEL Classification: J00, J49
Suggested Citation: Suggested Citation