@IlanStrauss, @timoreilly, and @MazzucatoM have written a superb and I think very important paper on information costs, search algorithms, abundant but imperfect information, and the role of New Institutional Economics, focusing mainly on Amazon. ucl.ac.uk/bartlett/publi…
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@Sherman1890 @IlanStrauss @MazzucatoM Delighted you found it worthwhile! Have you also seen the more general introduction to our theory of algorithmic attention rents? ucl.ac.uk/bartlett/publi…
@Sherman1890 @IlanStrauss @MazzucatoM And also our empirical paper on measuring attention rents in the Amazon marketplace. ucl.ac.uk/bartlett/publi…