We consider the strategic use of information by an online platform to both guide consumer search through its product recommendations and influence sellers' targeting and advertising decisions. The model provides a unified view of personalized product recommendation and targeted advertising on...

Royalty payment has been under heated debate in both the traditional art market and the newly emerged non-fungible tokens (NFTs) markets. In this paper, we investigate the role of royalty payments in the trading market with creators and buyers and explore how NFT platforms should design royalty...