Incentive Systems in Multi-Level Markets for Virtual Goods

@misc{citeulike:305756, abstract = {As an alternative to rigid DRM measures, ways of marketing virtual goods through multi-level or networked marketing have raised some interest. This report is a first approach to multi-level markets for virtual goods from the viewpoint of theoretical economy. A generic, kinematic model for the monetary flow in multi-level markets, which quantitatively describes the incentives that buyers receive through resales revenues, is devised. Building on it, the competition of goods is examined in a dynamical, utility-theoretic model enabling, in particular, a treatment of the free-rider problem. The most important implications for the design of multi-level market mechanisms for virtual goods, or multi-level incentive management systems, are outlined.}, author = {Schmidt, Andreas U. }, citeulike-article-id = {305756}, eprint = {cs.GT/0409028}, keywords = {economics, intellecture\_property, marketing}, month = {Jun}, posted-at = {2005-08-27 18:14:17}, priority = {4}, title = {Incentive Systems in Multi-Level Markets for Virtual Goods}, url = {http://arxiv.org/abs/cs.GT/0409028}, year = {2005} }

TY - ELEC ID - citeulike:305756 L3 - citeulike-article-id:305756 TI - Incentive Systems in Multi-Level Markets for Virtual Goods N2 - As an alternative to rigid DRM measures, ways of marketing virtual goods through multi-level or networked marketing have raised some interest. This report is a first approach to multi-level markets for virtual goods from the viewpoint of theoretical economy. A generic, kinematic model for the monetary flow in multi-level markets, which quantitatively describes the incentives that buyers receive through resales revenues, is devised. Building on it, the competition of goods is examined in a dynamical, utility-theoretic model enabling, in particular, a treatment of the free-rider problem. The most important implications for the design of multi-level market mechanisms for virtual goods, or multi-level incentive management systems, are outlined. KW - economics KW - intellecture_property KW - marketing AU - Schmidt, Andreas PY - 2005/Jun/17/ UR - http://arxiv.org/abs/cs.GT/0409028 ER -