In what sense is an online rating site (i.e. Yelp) a public good? Will online ratings be

Fantastic news! We've Found the answer you've been seeking!

Question:

In what sense is an online rating site (i.e. Yelp) a public good? Will online ratings be over or underprovided relative to what would be socially optimal?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

See More Books

Posted Date: Feb 22, 2024 04:04 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
What are the possible coping strategies that could help freelancers to overcome financial challenges and improve their financial well-being? Is there any significant impact in the financial...
a. Using the data for Fincorp, determine the cash flow from assets, cash flow to bondholders, cash flow to shareholders, and financing flows. Treat interest as a financing flow. b. Assuming that...
Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances. a. Tally the data into a frequency distribution using $100 as a class interval and...
Which of the three components of Figure 1.2 might be a source of concern regarding "ethics"? Products Management Decisions Information Customer Transactions Data Analyze Measure, the + Categorize...
Firwood Manufacturing Co. had a contract to sell General Tire 55 model 1225 postcure inflators (PCIs). PCIs are $30,000 machines used by General Tire in its manufacturing process. The contract was...
What do you believe are the main differentiators between Core, Core Plus, Value Add and Opportunistic apartment communities? Do you believe it is better to lease student housing by the unit or by...
Assume the taxpayer does NOT wish to contribute to the Presidential Election Fund, unless otherwise stated in the problem. Assume all taxpayers did NOT receive, sell, send, exchange, or otherwise...
If 52+4f(x)+3x (f(x)) = 0 and f(-4) = -1, find f'(-4). f'(-4)=-1
Evaluate the integral. 4x+5 So 2x2+5x+1 dx
Antoine pays the following amounts in the current year: $100 vehicle inspection tax $200 annual toll charge for bridge $300 sewer and water assessment $400 real estate assessment for street...
Pierre has a credit card used exclusively for his unincorporated consulting business. During the current year, he pays $2,000 in interest, a $95 annual fee, and $150 in late charges. What is his...
Valentin donates stock with a fair market value of $80,000 to his alma mater's scholarship fund, a public charity. He purchased the stock in 2005 for $20,000. Valentin's AGI for the current year is...
Madison Barlow takes out a loan of $100,000 at 5% yearly interest to start a small landscaping firm. At the end of 2020, her company's first year, she calculates that they have charged customers for...
Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...
The tax analyzed in exercise 3.15 is a proportional wage tax. The U.S. federal income tax, however, is progressive. This means that the average tax rate one pays increases the more wage income is...
A: Suppose a firm employs labor and capital k to produce output x using a homothetic, decreasing returns to scale technology. (a) Suppose that, at the current wage w, rental rate r and output price...
Governments often interfere in markets by placing restrictions on the price that firms can charge. One common example of this is so-called anti-price gauging laws that restrict profits for firms when...
In testing a claim about a population mean, a larger z test statistic always results in a larger P-value. Decide whether the statement makes sense (or is clearly true) or does not make sense (or is...
In testing the claim that the mean IQ score of statistics students is greater than 100, the alternative hypothesis is expressed as > 100. Decide whether the statement makes sense (or is clearly...
A handy mnemonic for interpreting the P-value in a hypothesis test is this: If the P (value) is low, then the null must go.

In what sense is an online rating site (i.e. Yelp) a public good? Will online ratings be

Question:

Expert Answer:

An online rating site like Yelp can be considered a public good in th... View the full answer

Microeconomics An Intuitive Approach with Calculus

Students also viewed these economics questions