Galitsky, Boris A. and Levene, Mark (2004) On the economy of web links: simulating the exchange process. First Monday 9 (1), ISSN 1396-0466.
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In the modern Web economy, hyperlinks have already attained monetary value as incoming links to a Web site can increase its visibility on major search engines. Thus links can be viewed as investment instruments that can be the subject of an exchange process. In this study we build a simple model performed by rational agents, whereby links can be bought and sold. Through simulation we achieve consistent economic behaviour of the artificial Web community and provide analysis of its micro– and macro–level parameters. In our simulations we take the link economy to its extreme, where a significant number of links are exchanged, concluding that it will lead to a winner take all situation.
|School or Research Centre:||Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Computer Science and Information Systems|
|Date Deposited:||20 Jul 2005|
|Last Modified:||11 Oct 2016 12:00|
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