skip to content
Managing innovation in a crowd Preview this item
ClosePreview this item
Checking...

Managing innovation in a crowd

Author: Daron Acemoglu; Mohamed Mostagir; Asuman E Ozdaglar; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2014.
Series: Working paper series (National Bureau of Economic Research), no. 19852.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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 but a scarcity of high skills, and an easy task assigned to a high-skill worker is a waste of resources. This problem is complicated by the fact that the exact difficulties of innovation tasks may  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Daron Acemoglu; Mohamed Mostagir; Asuman E Ozdaglar; National Bureau of Economic Research.
OCLC Number: 870428588
Notes: Title from http://www.nber.org/papers/19852 viewed February 12, 2014.
"January 2014."
Description: 1 online resource (32 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 19852.
Responsibility: Daron Acemoglu, Mohamed Mostagir, Asuman Ozdaglar.

Abstract:

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 but a scarcity of high skills, and an easy task assigned to a high-skill worker is a waste of resources. This problem is complicated by the fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor cannot be identified and allocated ahead of time. We show that the solution to this problem takes the form of a skill hierarchy, where tasks are first attempted by low-skill labor, and high-skill workers only engage with a task if less skilled workers are unable to finish it. This hierarchy can be constructed and implemented in a decentralized manner even though neither the difficulties of the tasks nor the skills of the candidate workers are known. We provide a dynamic pricing mechanism that achieves this implementation by inducing workers to self select into different layers. The mechanism is simple: each time a task is attempted and not finished, its price (reward upon completion) goes up.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/870428588> # Managing innovation in a crowd
    a schema:MediaObject, schema:CreativeWork, schema:Book ;
    library:oclcnum "870428588" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/1785696556#Place/cambridge_mass> ; # Cambridge, Mass.
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/1785696556#Topic/management_information_systems_econometric_models> ; # Management information systems--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/1785696556#Topic/labor_productivity_econometric_models> ; # Labor productivity--Econometric models
    schema:about <http://id.worldcat.org/fast/990141> ; # Labor productivity--Econometric models
    schema:about <http://id.worldcat.org/fast/971267> ; # Industrial management--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/1785696556#Topic/industrial_management_econometric_models> ; # Industrial management--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/1785696556#Topic/contracting_out_econometric_models> ; # Contracting out--Econometric models
    schema:about <http://id.worldcat.org/fast/876910> ; # Contracting out--Econometric models
    schema:bookFormat schema:EBook ;
    schema:contributor <http://experiment.worldcat.org/entity/work/data/1785696556#Person/mostagir_mohamed> ; # Mohamed Mostagir
    schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
    schema:contributor <http://viaf.org/viaf/6041771> ; # Asuman E. Ozdaglar
    schema:creator <http://viaf.org/viaf/15072332> ; # Daron Acemoglu
    schema:datePublished "2014" ;
    schema:description "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 but a scarcity of high skills, and an easy task assigned to a high-skill worker is a waste of resources. This problem is complicated by the fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor cannot be identified and allocated ahead of time. We show that the solution to this problem takes the form of a skill hierarchy, where tasks are first attempted by low-skill labor, and high-skill workers only engage with a task if less skilled workers are unable to finish it. This hierarchy can be constructed and implemented in a decentralized manner even though neither the difficulties of the tasks nor the skills of the candidate workers are known. We provide a dynamic pricing mechanism that achieves this implementation by inducing workers to self select into different layers. The mechanism is simple: each time a task is attempted and not finished, its price (reward upon completion) goes up."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/1785696556> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/1785696556#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/1785696556#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:name "Managing innovation in a crowd"@en ;
    schema:productID "870428588" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/870428588#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2014> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/1785696556#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://papers.nber.org/papers/w19852> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/870428588> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/1785696556#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/1785696556#Person/mostagir_mohamed> # Mohamed Mostagir
    a schema:Person ;
    schema:familyName "Mostagir" ;
    schema:givenName "Mohamed" ;
    schema:name "Mohamed Mostagir" ;
    .

<http://experiment.worldcat.org/entity/work/data/1785696556#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
    schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/1785696556#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/870428588> ; # Managing innovation in a crowd
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/1785696556#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/870428588> ; # Managing innovation in a crowd
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/1785696556#Topic/industrial_management_econometric_models> # Industrial management--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85065889> ;
    schema:name "Industrial management--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1785696556#Topic/management_information_systems_econometric_models> # Management information systems--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85080359> ;
    schema:name "Management information systems--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/876910> # Contracting out--Econometric models
    a schema:Intangible ;
    schema:name "Contracting out--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/971267> # Industrial management--Econometric models
    a schema:Intangible ;
    schema:name "Industrial management--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/990141> # Labor productivity--Econometric models
    a schema:Intangible ;
    schema:name "Labor productivity--Econometric models"@en ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
    schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/15072332> # Daron Acemoglu
    a schema:Person ;
    schema:familyName "Acemoglu" ;
    schema:givenName "Daron" ;
    schema:name "Daron Acemoglu" ;
    .

<http://viaf.org/viaf/6041771> # Asuman E. Ozdaglar
    a schema:Person ;
    schema:familyName "Ozdaglar" ;
    schema:givenName "Asuman E." ;
    schema:name "Asuman E. Ozdaglar" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.