Third Workshop on Marketplace Innovation

Stanford University, Stanford, California

June 1-2, 2017

Abstract submission deadline (EXTENDED): March 20, 2017 March 15, 2017
Notification of acceptance: April 1, 2017
Workshop registration deadline (EXTENDED): May 10, 2017 May 1, 2017

Organizers

Ramesh Johari, Management Science and Engineering, Stanford University
Ilan Lobel, Stern School of Business, New York University
Costis Maglaras, Columbia Business School, Columbia University
Gabriel Weintraub, Graduate School of Business, Stanford University

Description

Markets are an ancient institution for matching the supply for a good or service with its demand. Physical markets were typically slow to evolve, with simple institutions governing trade, and trading partners generally facing a daunting challenge in finding the “right” partner. The information technology revolution, however, has generated a sea change in how markets function: now, markets are typically complex platforms, with a range of mechanisms involved in facilitating matches among participants. Recent trends point to an unprecedented level of control over the design, implementation, and operation of markets: more than ever before, we are able to engineer the platforms governing transactions among market participants. As a consequence, market operators or platforms can control a host of variables such as pricing, liquidity, visibility, information revelation, terms of trade, and transaction fees. Given these variables, market participants often face complex problems when optimizing their own decisions. In the supply side such decisions may include the assortment of products to offer and their price structure, while in the demand side they may include how much to bid for different goods and what feedback to offer about past purchasing experiences. The decisions made by the platform and the market participants interact, sometimes in intricate and subtle ways, to determine market outcomes.

In this workshop we seek work that improves our understanding of these markets, both from the perspective of the market operator and the market participants. With respect to the former we are particularly interested in work that derives useful insights on how to design these markets, taking into account their operational details and engineering and technological constraints. With respect to the market participants, we seek work that introduces novel approaches to optimize their decisions and improves our understanding of their interactions within the market. We look for a mix of approaches including modeling, theory, and empirics, using a wide range of tools drawn from operations management, game theory, auctions and mechanism design, optimization, stochastic modeling, revenue management, econometrics, or statistics.

The list of markets to be studied includes but it is not restricted to:

  • Online marketplaces, such as eBay, Etsy, etc.
  • Internet advertising, including sponsored search and display ad exchanges
  • Sharing economy markets, such as Uber/Lyft, AirBnb, etc.
  • Online labor markets, such as Amazon mTurk, Upwork, Thumbtack, etc.
  • Procurement markets, such as technology-enabled government procurement
  • Health care exchanges
  • Financial exchanges

Abstract submission

To present in the workshop we invite abstract submissions of at most one page. Papers will be accepted either for a regular presentation, or as a poster. There are no proceedings for this workshop, so we welcome submissions of work-in-progress, or work that is submitted or accepted for publication elsewhere.

Please submit your abstract at the workshop submission site.

The abstract submission deadline has been EXTENDED to March 20, 2017.

You will be notified of acceptance, as well as whether you will be presenting as a paper or poster, by April 1, 2017.

Workshop registration

The registration deadline has been EXTENDED to **May 10, 2017**.

Registration is now CLOSED.

The participation fee for presenters and non-presenters is $150 to cover food expenses.

Members of the INFORMS Revenue Management and Pricing Section can receive a discounted registration fee of $120.
You can join the INFORMS Revenue Management and Pricing Section here.

Local accommodations

Accommodations in the Palo Alto area are in high demand at this time of year – please book early!

For your convenience, a block of hotel rooms has been reserved at the Sheraton Hotel in Palo Alto at the following discounted rates:

  • Wednesday, May 31st and Thursday, June 1st the rate is $339.00 (plus room tax and fees)

  • Friday, June 2nd and Saturday, June 3rd the rate is $159.00 (plus room tax and fees)

Rooms can be reserved at the hotel registration site.

Please make sure to reserve your room before May 3, 2017 to receive the discounted rate.

Here is a list of other local hotels that offer Stanford rates (please inquire directly with the hotel).

Past workshops

In the past two years the workshop was held jointly with the INFORMS Revenue Management and Pricing Conference. Programs of past years of the can be found here: