Disruption and the matching market for new multi-family housing in Melbourne, Australia

Sharam, A 2019, 'Disruption and the matching market for new multi-family housing in Melbourne, Australia', Journal of General Management, vol. 44, no. 3, pp. 160-169.


Document type: Journal Article
Collection: Journal Articles

Title Disruption and the matching market for new multi-family housing in Melbourne, Australia
Author(s) Sharam, A
Year 2019
Journal name Journal of General Management
Volume number 44
Issue number 3
Start page 160
End page 169
Total pages 10
Publisher Sage
Abstract A key area of system impact of the fourth industrial revolution (4IR) is the radical improvement in the functioning of matching markets. Matching markets are markets in which agents seek to be paired with someone or something with the criteria for matching often highly specific. Traditionally, the cost and difficulty in matching means many of these markets have not functioned well. Uber and Airbnb are examples of new matching market matchmakers that have been 'turbo-charged' by new digital technologies, resulting in what Parker et al. describe as a 'platform revolution'. In this article, we examine the traditional, but poorly functioning, matching market for new multifamily housing development in Melbourne, Australia, and the potential for disruption offered by a new platform, Nightingale Housing Ltd. (NHL). Improved matching has been critical to the model and the Internet has been central to this. The NHL model has the potential for systems impact as outlined by Schwab in his conception of 4IR.
Subject Housing Markets, Development, Management
Economic Theory not elsewhere classified
Keyword(s) Australia
fourth industrial revolution
matching markets
multifamily housing
Nightingale Housing Ltd.
off-the-plan
platform
social impact
DOI - identifier 10.1177/0306307018824230
Copyright notice © The Author(s) 2019
ISSN 0306-3070
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 1 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 0 times in Scopus Article
Altmetric details:
Access Statistics: 19 Abstract Views  -  Detailed Statistics
Created: Thu, 23 May 2019, 08:44:00 EST by Catalyst Administrator
© 2014 RMIT Research Repository • Powered by Fez SoftwareContact us