Information Markets - Crowdsourcing Answers in Business, Education & Government

Posted: 24 May 2011  

Marshall W. Van Alstyne

Boston University – Questrom School of Business; Massachusetts Institute of Technology (MIT) - Sloan School

Date Written: May 24, 2011

Abstract

This talk will apply standard economic theories -- on prices, on money supply, and on networks -- to the design of a market for information exchange. The premise is that much prior work on "knowledge management" has been atheoretical and that practical systems therefore need to borrow from existing theories that have much to say about the movement and value of information. Results from a commercial field trial will be presented followed by a discussion of how information markets might improve education and government. For a discussion of the business aspects, see http://ssrn.com/abstract=1652432.

Suggested Citation

Van Alstyne, Marshall W., Information Markets - Crowdsourcing Answers in Business, Education & Government (May 24, 2011). Gruter Institute Squaw Valley Conference: Law, Institutions & Human Behavior, 2011. Available at SSRN: https://ssrn.com/abstract=1850845

Marshall W. Van Alstyne (Contact Author)

Boston University – Questrom School of Business ( email )

595 Commonwealth Avenue
Boston, MA 02215
United States
617-358-3571 (Phone)

HOME PAGE: http://questromapps.bu.edu/mgmt_new/Profiles/VanAlstyneMarshall.html

Massachusetts Institute of Technology (MIT) - Sloan School ( email )

Center for Digital Business
5 Cambridge Center - NE25, 7th Floor
Cambridge, MA 02142
United States
617-253-0768 (Phone)

HOME PAGE: http://web.mit.edu/marshall/www/home.html

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