| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w28702
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| 来源ID | Working Paper 28702
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| The Ruble Collapse in an Online Marketplace: Some Lessons for Market Designers |
| John J. Horton
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| 发表日期 | 2021-04-26
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| 出版年 | 2021
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| 语种 | 英语
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| 摘要 | The sharp devaluation of the ruble in 2014 increased the real returns to Russians from working in a global online labor marketplace, as contracts in this market are dollar-denominated. Russians clearly noticed the opportunity, with Russian hours-worked increasing substantially, primarily on the extensive margin—incumbent Russians already active were fairly inelastic. Contrary to the predictions of bargaining models, there was little to no pass-through of the ruble price changes in to wages. There was also no evidence of a demand-side response, with buyers not posting more "Russian friendly" jobs, suggesting limited cross-side externalities. The key findings—a high extensive margin elasticity but low intensive margin elasticity; little pass-through into wages; and little evidence of a cross-side externality—have implications for market designers with respect to pricing and supply acquisition. |
| 主题 | Labor Economics
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| URL | https://www.nber.org/papers/w28702
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586375
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推荐引用方式
GB/T 7714 |
John J. Horton. The Ruble Collapse in an Online Marketplace: Some Lessons for Market Designers. 2021.
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文件名：
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w28702.pdf
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格式：
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Adobe PDF
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