Daemo as a perfect information market

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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, 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 - Workers and Requesters define them, the platform executes them

Terms and conditions - Workers and Requesters define them, the platform executes them

Statistics and numbers about the platform - Public resources

Meetings and decisions - Workers and requesters discuss publicly on the forum. Platform discussions are open to anyone who is part of the platform.

Constitution - Workers and Requesters define them, the platform executes them


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? [http://ipp.oii.ox.ac.uk/sites/ipp/files/documents/Monopsony_and_theCrowd_SCK_MLG_SS.pdf ]