Multilevel marketing: Pyramid‐shaped schemes or exploitative scams?

DOI10.3982/TE4890MaRDI QIDQ6076904zbMATH OpenOpenAlexFDO

Authors

Publication date 17 October 2023

Published in Theoretical Economics (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial 4.0 International

Full work available at URL https://doi.org/10.3982/te4890

zbMATH Keywords

analogy-based expectationsmisspecified modelsmultilevel marketingpyramid schemesspeculative trade

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• A Probability Model of a Pyramid Scheme
• Analogy-based expectation equilibrium
• Bayesian networks and boundedly rational expectations
• Bubbles and Crashes
• Consideration sets and competitive marketing
• Cursed Equilibrium
• Inferior products and profitable deception
• Limiting Distributions for Path Lengths in Recursive Trees
• On the Possibility of Speculation under Rational Expectations
• Random Trees
• The bubble game: an experimental study of speculation
• Two Probability Models of Pyramid or Chain Letter Schemes Demonstrating that Their Promotional Claims are Unreliable

Cited in

(2)

• Efficient incentives with social preferences
• Optimizing successive incentives: rewarding the past or motivating the future?

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