Privacy policies determine online social network providers’ options to monetize user data. However, these statements also intrude on users’ privacy and, thus, might reduce their willingness to disclose personal information, which in turn limits the data available for monetization. Given...

Rating agencies act as intermediaries for investors in evaluating the creditworthiness of borrowers. The role of ratings agencies is particularly crucial in market-based systems, because, in contrast to long-run bank relationships, outside investors are confronted with greater obstacles to...