Daemo as a perfect information market

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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, we should optimize the following :

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


Relevant work

Accounting for Market Frictions and Power Asymmetries in Online Labor Markets [1]

Online Labor Markets [2]

Monopsony and the Crowd: Labor for Lemons? [3]