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Large Language Models (LLMs) technology, e.g., ChatGPT, is expected to reshape a broad spectrum of domains. Among them, the impact on user-generated knowledge-sharing (Q&A) communities is of particular interest because such communities are an important learning source of LLMs, and their future...
Persistent link: https://www.econbiz.de/10014356548
pricing of information goods under the freemium strategy in the presence of piracy and network effects. In this paper, we …. Finally, the premium version's optimal price and the firm's optimal profit increase in the network effects and piracy cost in …
Persistent link: https://www.econbiz.de/10012988425
Most digital content distributed in information-goods platforms encounter the threat of online piracy. Strategic pricing, technology-based platform protection, and deterrent enforcement such as legal and moral measures are viewed as antidotes to piracy. We examine the effects of deterrent...
Persistent link: https://www.econbiz.de/10012834813
Online peer-to-peer (P2P) lending, one of the most successful technology-enabled initiatives in the fintech revolution, has drastically changed the way individual investors and borrowers meet and transact. While prior research has found herding among investors at the listing level, such social...
Persistent link: https://www.econbiz.de/10012935458
oligopoly software market, when there exist competition, network effects (externalities), uncertainty on software functionality …, network maintaining cost and compatibility issues. We find that, in equilibrium, the restriction on network effects is … decreasing with network effects, but increasing with consumers' basic willingness to pay. Meanwhile, the restriction on …
Persistent link: https://www.econbiz.de/10012984101
asymmetric network effect that has not been explored in the extant literature. Using a unique dataset from Dianping and Meituan … positive network effect, as reflected by the increments of user engagement on each side of the M&A. We measure user engagement … those on the acquired platform. We propose three mechanisms: the network size effect, self-image management effect, and …
Persistent link: https://www.econbiz.de/10013220857
Mixed two-sided platforms suffer from the dilemma related to the platform’s regulation of user-generated content (UGC). Strict regulation may weaken the willingness of users to continuously generate new content, whereas loose regulation may lead to massive low-quality content shares. This...
Persistent link: https://www.econbiz.de/10013217576