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Enough people seem to think so, if Twitter’s rising share price is any indication. But is the market “wrong” on this one? After all, if given a choice, who really wants to waste time following “sponsored” (i.e. paid) tweets? The … Continue reading
Can anyone explain the economic logic of the world wide web to prior probability? (If you are an economist, just leave and close the door behind you.) Traditional business firms provide private goods and services at some positive (non-negative) price. … Continue reading