Principal Investigator Andrew Lippman
Project Website http://viral.media.mit.edu/projects/barter/
Barter is a platform inside an organizational boundary for matching problems to solutions. The goal is to apply better theories to creating and managing a knowledge market in order to improve organizational desgin, generate information at higher rates, and track the gains in productivity that should result.
We are exploring the creation of Internal Knowledge Markets, with a goal of bringing an electronic, distributed market (decentralized information creation) to a firm or a laboratory in an effort to both measure the value of knowledge created and link this to productivity and/or profits. A key advantage of this study will be a direct appeal to information economic theory to design an information market. In particular, we will appeal to two-sided network theory, principles of information asymmetry, and price theory. We seek to bring the rigor of this discipline to real-world applications, and measure the results.