Research Briefs·Oct 12, 2023
When Product Markets Become Collective Traps: The Case of Social Media
Leonardo Bursztyn, Benjamin Handel, Rafael Jiménez-Durán, and Christopher Roth
Large shares of consumers use Instagram and TikTok out of a fear of missing out rather than genuine interest and, as a result, are worse off than if the platforms did not exist in the first place.