Social Networks and Information Asymmetries: tracking, traceability and democracy in the era of the digital economy
DOI:
https://doi.org/10.18617/liinc.v16i1.5195Abstract
ABSTRACT The aims of this paper are the following ones: on the one hand, I study the new competitive forms that correspond to the development of the different markets linked to electronic platforms and social networks, on the web. On the other hand, I design a social welfare function to capture the positive and negative impacts produced by the development of these markets.
In the first part, I will highlight the main social and economic changes caused by Internet Economy. I will show how the extension of market modified the production and the modalities of appropriating information. In a second part, I will design a social welfare function, and I will demonstrate why such markets dynamics are based on information asymmetries..
Kewords: Information Asymmetries; Network Economics; Welfare; Democracy.
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