Multilevel marketing: Pyramid‐shaped schemes or exploitative scams?

DOI10.3982/te4890OpenAlexW2890672233MaRDI QIDQ6076904

Unnamed Author

Publication date: 17 October 2023

Published in: Theoretical Economics (Search for Journal in Brave)

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

zbMATH Keywords

misspecified modelsspeculative trademultilevel marketinganalogy-based expectationspyramid schemes

Mathematics Subject Classification ID

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

Cites Work

• Analogy-based expectation equilibrium
• The Bubble Game: An Experimental Study of Speculation
• Consideration Sets and Competitive Marketing
• Two Probability Models of Pyramid or Chain Letter Schemes Demonstrating that Their Promotional Claims are Unreliable
• Inferior Products and Profitable Deception
• Limiting Distributions for Path Lengths in Recursive Trees
• Random Trees
• On the Possibility of Speculation under Rational Expectations
• A Probability Model of a Pyramid Scheme
• Bayesian Networks and Boundedly Rational Expectations *
• Cursed Equilibrium
• Bubbles and Crashes

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