Economics Assignment: Facebook or Google Buzz

2. 20 marks Faceboook or Google Buzz? Suppose there are only two main social media sites in the world, Facebook and Google. Suppose further that initially there was only one: Facebook, but that there

2. 20 marks Faceboook or Google Buzz?

Suppose there are only two main social media sites in the world, Facebook and Google.

Suppose further that initially there was only one: Facebook, but that there was a lot of

dissatisfaction with it. For example, complaints ranged from: ‘they changed the way the

news feed works’, ‘the privacy settings are awful’, ‘there are too many game notifications’,

‘why am I friends with people who post things like that?!’, and so on. Recognising

customer dissatisfaction with Facebook, Google has tried three times to enter the social

networking market, first with Buzz, then with Wave, and most recently with Google

Plus. Some say that the current Google Plus platform is superior to Facebook’s, yet it

seems to be accepted that the first version of Google Buzz was not.

Let’s compare Facebook with the first ‘inferior’ version of Google Buzz. Specifically,

• There is a large population of N people.

• Social media is time-consuming, so, while everybody wants to exist on a platform,

each person has time for only one options with the only two available options being

Facebook and Google Plus, denoted by f and g respectively. Therefore, in this

game, each individual chooses one strategy from the set {f, g}.

• Once each person has chosen an online platform, he/she interacts pairwise with

everyone else in the population via the following 2-player game, where the same

platform is used with everyone else.



f g

f 2, 2 0, 0

g 0, 0 1, 1

(a) 5 marks While this is not a dynamic situation, the utility functions to this large

population interaction are closely related to those given on slide #30 of Lecture 9.

As precisely as possible, relate the situation above to the parameters on slide #30.

[Hint: you can ignore the from slide #30.]

(b) 5 marks What are the pure strategy Nash equilibria for this large population


(c) 5 marks What online platform would you expect the population to end up using?

Brie y explain why.

(d) 5 marks Suppose Google tried to make their platform compatible with Facebook

(and that Facebook were powerless to prevent this). In no more than four short

sentences, discuss how this might change individual’s utility functions, and whether

it would make Google more likely to emerge as the online platform adopted by


Files: 2.png

Get Professional Assignment Help Cheaply

fast coursework help

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason may is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Our essay writers are graduates with diplomas, bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

How It Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.


order custom essay paper
Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
error: Content is protected !!
Open chat
You can contact our live agent via WhatsApp! Via +1 817 953 0426

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 20% with the discount code VICTORY