platform economy


Can Platforms be Regulated?

Posted by Ramathi Bandaranayake on December 19, 2019  /  0 Comments

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This is highly dependent on the nature of the platform.
The answer depends on a combination on factors, including the circumstances of the work.
Helani Galpaya 24 Sep 2019 | CEPA Open Forum | Colombo, Sri Lanka
Current research on micro-work platforms has given LIRNEasia much to think about. The conditions for successful participation in platforms are quite different in developing economies than in the developed economies they originate in. But that does not mean we should over regulate them, or regulate them badly. There is a lot of good innovation happening here, that requires space. We hope to address the questions raised in this article in the Economist, that concludes as follows: Regulators still have much to learn about how to deal with platforms.

Economics of platform markets

Posted on May 7, 2016  /  0 Comments

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Senior Research Fellow Payal Malik has co-authored an op-ed on surge pricing in the taxi market that addresses some key issues of platform markets. The distinguishing feature of platform markets is the lowering of transaction costs through the use of ICTs. State action to prohibit such applications is retrograde. Instead, what should be done is to remove no-longer-justifiable constraints such as rigid and limited issuance of licenses. The state fixes two parts of the taxi market.