Adverse Selection in the Culture Industries

Alexander Dolgin ()
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Alexander Dolgin: Fund for Scientific Studies

Chapter Chapter 2 in The Economics of Symbolic Exchange, 2009, pp 69-144 from Springer

Abstract: Abstract Until consumer collaborative filtering arrives, navigation will continue to be the burning issue for present-day culture. There are no books or articles giving clear, systematic consideration of the problem. This is odd, because how well people are able to find their way around in the available offerings of culture directly affects both their aesthetic experience and their outlook on life. Those working commercially in the cultural sphere target as large a proportion of the public as they can, and today the technological tools at their disposal are more powerful than ever before: anything that can be digitised can be delivered almost instantaneously to any place at minimal cost. Cultural goods are universally accessible, but the downside of such profusion is the problem of what to choose.

Keywords: Recommender System; Adverse Selection; Price Discrimination; Collaborative Filter; Uniform Price (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-540-79883-5_2

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