Description: Collecting Change to make a Change
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Collecting Change to make a Change
This week starts with a review of basic economic drivers. What follows is taken directly from the lecture. “… network effects lead to monopolies in information markets, and in markets for goods and services that have information component… an efficient monopolist is a discriminating one. So monopolies often have a strong incentive to price discriminate. So as more goods, and services get an information component, we get more discrimination but the information they produce gives the means to discriminate. So
The market for privacy is huge and it is made up of a market for personal information, and a market for privacy.