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Strategic Free Information Disclosure for Search-Based Information Platforms

Published: 04 May 2015 Publication History

Abstract

We investigate information platforms that enable and support user search. Consider users engaged in a sequential search process (e.g. for used cars or consumer goods in e-commerce, or partners on a dating website). Many platforms provide basic information on opportunities of interest for free, while also offering, at a price, premium services that can offer more information to the user on the potential values of different opportunities. Prior research has focused on the question of how to price such services. Here we investigate a novel strategic option: can the platform provide some of the premium services for free, and increase its profit in doing so? By analyzing game theoretic equilibria in such a model, we show that there are cases where the platform can indeed benefit by sometimes providing information for free. The underlying mechanism is that sometimes offering free services leads to more extensive usage of the expert's paid services. A robustness analysis shows that even if the population of users is heterogeneous and a large portion of it a priori does not use the premium services, offering parts of the service for free can still be beneficial for the platform despite the potential misuse.

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Cited By

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  • (2019)Strategic signaling for selling information goodsProceedings of the 28th International Joint Conference on Artificial Intelligence10.5555/3367032.3367037(25-31)Online publication date: 10-Aug-2019
  • (2019)Obtaining Costly Unverifiable Valuations from a Single AgentProceedings of the 18th International Conference on Autonomous Agents and MultiAgent Systems10.5555/3306127.3331824(1216-1224)Online publication date: 8-May-2019
  • (2018)Eliciting Truthful Unverifiable InformationProceedings of the 17th International Conference on Autonomous Agents and MultiAgent Systems10.5555/3237383.3238000(1850-1852)Online publication date: 9-Jul-2018
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  1. Strategic Free Information Disclosure for Search-Based Information Platforms

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    Published In

    cover image ACM Other conferences
    AAMAS '15: Proceedings of the 2015 International Conference on Autonomous Agents and Multiagent Systems
    May 2015
    2072 pages
    ISBN:9781450334136

    Sponsors

    • IFAAMAS

    In-Cooperation

    Publisher

    International Foundation for Autonomous Agents and Multiagent Systems

    Richland, SC

    Publication History

    Published: 04 May 2015

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    Author Tags

    1. economics of information
    2. free information disclosure
    3. information broker
    4. information provider
    5. sequential search

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    • Research-article

    Funding Sources

    • NSF CAREER award
    • ISF grant

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    AAMAS'15
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    Acceptance Rates

    AAMAS '15 Paper Acceptance Rate 108 of 670 submissions, 16%;
    Overall Acceptance Rate 1,155 of 5,036 submissions, 23%

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    Cited By

    View all
    • (2019)Strategic signaling for selling information goodsProceedings of the 28th International Joint Conference on Artificial Intelligence10.5555/3367032.3367037(25-31)Online publication date: 10-Aug-2019
    • (2019)Obtaining Costly Unverifiable Valuations from a Single AgentProceedings of the 18th International Conference on Autonomous Agents and MultiAgent Systems10.5555/3306127.3331824(1216-1224)Online publication date: 8-May-2019
    • (2018)Eliciting Truthful Unverifiable InformationProceedings of the 17th International Conference on Autonomous Agents and MultiAgent Systems10.5555/3237383.3238000(1850-1852)Online publication date: 9-Jul-2018
    • (2017)The benefit in free information disclosure when selling information to peopleProceedings of the Thirty-First AAAI Conference on Artificial Intelligence10.5555/3298239.3298385(985-992)Online publication date: 4-Feb-2017
    • (2017)Strategic signaling and free information disclosure in auctionsProceedings of the Thirty-First AAAI Conference on Artificial Intelligence10.5555/3298239.3298289(319-327)Online publication date: 4-Feb-2017
    • (2017)Distributed Matching with Mixed Maximum-Minimum UtilitiesACM Transactions on Economics and Computation10.1145/30389115:2(1-23)Online publication date: 6-Mar-2017
    • (2017)Selective opportunity disclosure at the service of strategic information platformsAutonomous Agents and Multi-Agent Systems10.1007/s10458-016-9357-131:5(1133-1164)Online publication date: 1-Sep-2017
    • (2017)Enhancing comparison shopping agents through ordering and gradual information disclosureAutonomous Agents and Multi-Agent Systems10.1007/s10458-016-9342-831:3(696-714)Online publication date: 1-May-2017
    • (2015)Constraining information sharing to improve cooperative information gatheringJournal of Artificial Intelligence Research10.5555/2910557.291056854:1(437-469)Online publication date: 1-Sep-2015

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