Economics of online dating

Posted by / 06-May-2016 06:35

Economics of online dating

OYER: Well, that the niche site I’d like to see him try to get going… So the site you just laid out and other ones like, there is a gluten-free site and there’s a tennis site that I tried, I think those niches are just too small.

The niche sites that have done very well are the ones where the niche is big enough to create a thick market.

SIEGEL: Well, the subject that Elise Hu was reporting on is one that you address in a chapter called “Thick Versus Thin Markets.” What do thick and thin mean, in this case?

OYER: Well, a thick market is one with a lot of participants.

“Our model predicts nearly complete racial integration upon the emergence of online dating, even if the number of partners that individuals meet from newly formed ties is small,” say Ortega and Hergovich.

According to a pair of researchers investigating online dating, the way we’re looking for love (and lust) is connecting communities in completely novel ways, breaking down boundaries and possibly even making for stronger long-term relationships.

Today there’s a wide variety of sites and apps to suit your tastes, lifestyle, sexuality, and budget, from Tinder and Bumble for a quick swipe to like, to OKCupid and e Harmony for those who want their wit to show with their words.

So it’s a job market that is very much like a – online dating site, in some ways. There are just a few hundred – I forget the exact number – gastroenterologists who become available every year.

In some years, when supply of gastroenterologists is particularly low, the market breaks down. And somebody has to come in and fix the market from outside, rather than let supply and demand naturally do it by itself.

economics of online dating-38economics of online dating-11economics of online dating-65

One thought on “economics of online dating”