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The business model of companies such as Facebook, MySpace, and Twitter, relies on mon- etizing the information on the interactions and in uences of their users. How valuable is such information, and is its use benecial or detrimental for consumer welfare? We study these questions in a model...
Persistent link: https://www.econbiz.de/10011196586
We present a model of repeated games in large buyer-seller networks in the presence of reputation networks via which buyers share information about past transactions. The model allows us to characterize cooperation networks - networks in which each seller cooperates (by providing high quality...
Persistent link: https://www.econbiz.de/10008802454