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Content creators may seem independent and carefree, but almost all of them must heed the whims of large conglomerates.

Creator Economies and Monopsony Power

Many people aspire to be influencers and content creators for the shot at freedom and creativity while earning an income. But the market for content creators is far closer to a monopsony than many people realize. If you want to earn an income, only a handful of social media giants can offer it....
4 min read
Market failure
Definitions

Market failure

Saddique Ansari • January 28, 2020 • 1 min read

Author bio

Market failure – definition

A market failure is a situation where free markets fail to allocate scarce resources efficiently. These can be complete or partial.

  • Markets work well when certain conditions are met.

  • Read more on market failures.

 

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Many websites moderate what speech users can post, raising debates about content moderation.

Platform Governance and Private Regulation

Why do many social media sites have rules about what sort of content users can and cannot post? Economically, there are strong incentives for popular websites to self-police the content that gets posted. Free speech is popular politically, but not with all consumers!...
4 min read

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