Department of Economics: Recent submissions
Now showing items 4-6 of 1296
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Error Correction Models of MSA Housing "Supply" Elasticities: Implications for Price Recovery
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-19)MSA-level estimates of a housing supply schedule must offer a solution to the twin problems of simultaneity and stationarity that plague the time series data for local housing prices and stock. An Error Correction Model ... -
Managing Innovation in a Crowd
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-17)Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers ... -
Equalizing Superstars: The Internet and the Democratization of Education
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-17)Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last ...