English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Zendy Plus

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Zendy Tools

Zendy Open

The sharp devaluation of the ruble in 2014 increased the real returns toRussians from working in a global online labor marketplace, as con- tracts inthis market are dollar-denominated. Russians clearly noticed the opportunity,with Russian hours-worked increasing substantially, primarily on the extensivemargin -- incumbent Russians already active were fairly inelastic. Contrary tothe predictions of bargaining models, there was little to no pass-through ofthe ruble price changes in to wages. There was also no evidence of ademand-side response, with buyers not posting more "Russian friendly" jobs,suggesting limited cross-side externalities. The key findings -- a highextensive margin elasticity but low intensive margin elasticity; littlepass-through into wages; and little evidence of a cross-side externality --have implications for market designers with respect to pricing and supplyacquisition.

The Ruble Collapse in an Online Marketplace: Some Lessons for Market Designers