Platform Economics - Science topic

Dear Ruolei Shen,

I propose the following research topic in the field of establishing and developing Online Platforms: Analysis of the possibility of building multi-criteria simulation models in which, with the help of digital twin technologies, Big Data Analytics of data obtained from the Internet, artificial intelligence and other Industry 4.0 technologies, the potential economic effects and the usefulness of newly established startups whose business model would be based on a new online portal of the Online Platforms type with the assumption of profiting from the activities carried out as part of Internet marketing. For example, the analysis of multi-criteria, computerized simulation could concern the economic analysis of the potential establishment of a new type of Internet social portal that would respond to the new needs of Internet users, would offer a new type of currently missing information services that would be available to portal users free of charge, and the portal would earn money on Internet marketing conducted in the formula of viral marketing and Real-Time Marketing using new technologies, Industry 4.0. I hope that I helped with the selection of a current, developmental and future-oriented topic for my thesis.

Kind regards,

Dariusz Prokopowicz

You might have a look at the below articles for your research:

Ross, N. (2018). Customer retention in freemium applications. Journal of marketing analytics, 6(4), 127-137.

Ascarza, E., Netzer, O., & Runge, J. (2020). The Twofold Effect of Customer Retention in Freemium Settings. Available at SSRN 3725224. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3725224

Petter Nielsen Bulcsu Szekely Loretta Anania , many thanks for your insights.

Two recent developments can be noted, showing different approaches towards a similar recognition of Digital Platforms and infrastructure as goods of common interest for Society:

-the USA initiative on infrastructure, following the inaugural speech of President Biden on the need to develop infrastructure (as a public/common good)

Public role is recognised, an the common need is promoted, with consideration on the growth impact on the economy for any investment in the infrastructure [1]

-the EU interest on Data Sovereignty, which may not give answers yet, but emphasises the importance of infrastructure (and its digital aspects: digital infrastructure as such, and digital twin of physical infrastructure) [2]. Workshops are happening on the potential impact for AI linked to Data Sovereignty scenarios for the EU, and more general aspects of decision autonomy as in this activity reported by the European Parliament [3]

Ref:

[1] https://www.bbc.co.uk/news/world-us-canada-57604121

[2] https://eit.europa.eu/news-events/news/new-report-european-digital-infrastructure-and-data-sovereignty

[3] https://www.europarl.europa.eu/committees/en/afet-webinar-on-achieving-strategic-sove/product-details/20210315WKS03361

Interesting question for sure. There is a semantic difficulty since "paying" somewhat presuppose a financial transaction with money. While data is certainly something that worth money, it requires quite a lot of intermediate steps to do so.

Any basic website collects automatically lot of data (connection logs, information on browser and location, sessions...). To distinguish data collected as payment from data collected not as payment might not be very easy (you would need to carefully examine the use of data in many steps).

Dear Vasilis Koniaris,

Among workers, the gig economy is creating a new set of expectations and attitudes to work.

Hello Fabian,

the expected but missing effect should lead you to some questions:

- Did we really used a research design to measure causal effects of price fairness on user loyalty?

- Did we elicited revealed or stated behavior and if it is stated behavior might it be possible that there exists a hypothetical bias?

- Did the participants really experienced price fairness differently?

- Is the used method really appropriate for analyzing our data?

- Did we removed outliers that might overlap the existing effect?

- Is the relation between price fairness and user loyalty really as modeled?

If you answer all these questions with yes, than you should start think about an interpretation of this finding. I would not neglect to interpret this finding, because it reveals that you have no idea of what has happened in your study. One explanation might be that price fairness is not of relevance for your participants. This is not surprising if price fairness refers to price fairness in general and not price fairness for me as just one user. As a user I expect to get a fair price but I'm not necessarily interested in other users' price fairness.

Best regards,

Michael

Given the current economical factors and labour insecurity, the welfare state is as vital as ever. However, there does have to be changes. The current system of minimising claim numbers does nothing to tackle the wealth inequality or poverty levels as described in the recent UN report. Rather than looking at previous models of state intervention and benefits, we should be considering Esping-Anderson's theories on the future of welfare and the possibilities arising from a universal basic income.

Construction projects are executed on the following main steps

A. Engineering Design – to produce engineering drawings

B. Material Procurement – based on drawings, datasheets

C. Logistics – purchased material is brought to the construction site

D. Construction – is done based on the engineering drawings, using the material at site

E. Commissioning – built facilities are started and handed over to owner

Regarding the ROI which country does follow and which country does not follow that depend upon the maximization of construction management science along with art, that you can have for a project management platform. ROI is purely project finance or financial management that need to tie up simultaneously with project management. It need to manage integrated project-finance-management.

Because of it's visualization capabilities, to allow for representations and measurements of the spread and the boundaries of urbanization. Also to allow for a peel-away of layers of the "urban fabric". Such that we get cutaway views of different dimensions of the urbanized space. Allows for the characterization of social influences in terms of spatial/geographic signatures.

Should vary within consumer groups.  Based on psychographics for instance for a metrosexual a razor would hold a completely different meaning as compared to someone who is looking for just  decent.

Another dimension could be skin type and dermatological consderations. Also frequent travellers may use schick for on the go whereas gillette for regular use,