MIT Media Lab, E14-633
We are exploring the design and creation of information markets with a goal of bringing an electronic, distributed market to a community or an organization to enhance knowledge sharing, innovation creation, and productivity. We apply innovative market mechanisms to construct incentives while still encouraging pro-social behaviors. A key advantage of this study will be a direct appeal to information economic theories and market principles on information markets design. A web-based software platform called Barter is developed and deployed at several sites. We will measure the results and test the effectiveness of an information market in addressing organizational challenges.
Alex (Sandy) Pentland, Marshall Van Alstyne