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Companies often update their privacy policies, but it is unclear whether these updates strengthen or weaken user privacy. Using a principal-agent theoretical lens, we analyze over 200 changes to privacy policies of five prominent Internet companies over a period of fifteen years. We find that over time, privacy policy updates are more likely to weaken, rather than strengthen, user privacy on the Internet...
With equity-based crowdfunding, an entrepreneur raises financing from a large number of individuals, instead of soliciting a small group of investors. This paper compares two forms of financing: the equity-based crowdfunding and the traditional loan form. We conclude that the equity-based crowdfunding can raises larger number of money for entrepreneurs than the traditional loan form owing to the entrepreneurs'...
In multiagent interactions, such as e-commerce and file sharing, being able to accurately assess the trustworthiness of others is important for agents to protect themselves from losing utility. Focusing on rational agents in e-commerce, we prove that an agent's discount factor (time preference of utility) is a direct measure of the agent's trustworthiness for a set of reasonably general assumptions...
With the rapid development of electronic commerce, the transaction scale of C2C network platform has experienced continuous growth, at the same time, the network shopping environment also makes an quick improvement, but it is still a common phenomenon for network transactions moral hazards events such as network fraud, product defects occurring, so the issue how to explore and make a control on moral...
The relationship between consumer and internet trading platform in e-commerce market is seen as a principal-agent relationship under incomplete information, which the moral hazard risk might exist. In order to control the moral hazard risk effectively, the club model for internet trading platform is put forward in this paper. The club model is a virtual organization composed of various Internet presence...
As grocery shopping shifted from traditional to online environment, consumer logistics that shoppers once completed by themselves has been undertaken by E-Grocers(Online Grocers). Consequently the principal-agent relationship is built between online shoppers and E-Grocers due to the information asymmetry. The Principal-Agent Problem in this context was identified and explained by using the principal-agent...
Under the environment of service-driven property of network technology development, scientific papers published via network platform has become reality. With the development of platform, the academic quality of the papers on the platform become bottleneck, and ldquoadverse selectionrdquo and ldquomoral hazardrdquo are the main reason which affect the academic quality of scientific papers in the platform...
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