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Internet and Network Economics

Volume 3828 of the series Lecture Notes in Computer Science pp 46-54

Experiments with an Economic Model of the Worldwide Web

  • Georgios KouroupasAffiliated withLancaster UniversityAthens University of Economics and Business
  • , Elias KoutsoupiasAffiliated withLancaster UniversityDept of Informatics and Telecommunications, University of Athens
  • , Christos H. PapadimitriouAffiliated withCarnegie Mellon UniversityUniversity of California, Berkeley
  • , Martha SideriAffiliated withLancaster UniversityAthens University of Economics and Business

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Abstract

We present a simple model in which the worldwide web (www) is created by the interaction of selfish agents, namely document authors, users, and search engines. We show experimentally that power law statistics emerge very naturally in this context, and that the efficiency of the system has certain monotonicity properties.