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We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An \textit{underlying state} determines payoffs from different actions. Agents decide which others to form a costly \textit{communication link} with,...
Persistent link: https://www.econbiz.de/10011684965
We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...
Persistent link: https://www.econbiz.de/10014190897
Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open … fact that the exact difficulties of innovation tasks may not be known in advance, so tasks that require high-skill labor …
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“cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012825884
"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10012460215
"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10013099537
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