Podrobná bibliografie
| Název: |
Inflated Recommendations. |
| Autoři: |
Peitz, Martin1,2 (AUTHOR) Martin.Peitz@gmail.com, Sobolev, Anton1 (AUTHOR) |
| Zdroj: |
RAND Journal of Economics (Wiley-Blackwell). Nov2025, p1. 18p. 4 Illustrations. |
| Témata: |
*WELFARE economics, *RECOMMENDER systems, *MONOPOLIES, *CONSUMERS, STATISTICAL bias |
| Abstrakt: |
ABSTRACT Biased recommendations arise naturally in markets with heterogeneous consumers. We study a model in which a monopolist offers an experience good to a population of consumers with heterogeneous tastes and makes personalized purchase recommendations. We provide conditions under which a firm makes welfare‐reducing purchase recommendations with positive probability, resulting in inflated recommendations. We extend this insight to a setting in which an intermediary makes the recommendations, whereas a seller sets the retail price. Regulatory interventions that forbid inflated recommendations may lead to higher social welfare or may backfire. [ABSTRACT FROM AUTHOR] |
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| Databáze: |
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