Daemo as a perfect information market

Introduction

Perfect information is the assumption that “ With perfect information in a market, all consumers and producers are assumed to have perfect knowledge of price, utility, quality and production methods of products”.

Online labor markets consist of : Workers, requesters and platform creators, requesters pay money in exchange for a product ( tasks ). to build a perfect information market,

Information between workers and Requesters : Reputation of workers, quality of tasks description, priority of taskfeed. and estimated time to finish tasks.

Information flow from the platform side to workers and requesters :

Regulations and policies

Terms and conditions

Statistics and numbers about the platform

Meetings and decisions

Constitution

Relevant work

Accounting for Market Frictions and Power Asymmetries in Online Labor Markets Online Labor Markets Monopsony and the Crowd: Labor for Lemons?