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UID:20260618T173703EDT-2193Sr6KVN@132.216.98.100
DTSTAMP:20260618T213703Z
DESCRIPTION:“Social Connectedness and the Market for Information”\n\nRachel
  Kranton (Duke) September 16\, 2022\, 3:30 to 5:00 PM\n	Leacock 429\n\nHost
 : Leonie Baumann\n	Field: Theory\n\nAbstract:\n	This paper introduces a simp
 le model of contemporary information markets: Consumers prefer high-qualit
 y information\, judiciously sharing stories and posts. High-quality storie
 s are costly to produce\, and overall quality is endogenous. When producer
 s’ payoffs derive from how many consumers see their stories\, quality is h
 ighest when social connectedness is neither too high nor too low. In highl
 y-connected markets\, low-quality stories are widely seen and dominate. Th
 ird-party misinformation can increase high-quality output\, since consumer
 s share more judiciously. When producers’ payoffs depend on consumer actio
 ns (e.g\, votes or purchases) and consumers are highly connected\, consume
 rs perfectly infer quality and misinformation has no impact.\n
DTSTART:20220916T193000Z
DTEND:20220916T210000Z
LOCATION:Room 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 855 r
 ue Sherbrooke Ouest
SUMMARY:Rachel Kranton (Duke)\, 'Social Connectedness and the Market for In
 formation'
URL:/economics/channels/event/rachel-kranton-duke-soci
 al-connectedness-and-market-information-340399
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