Question A:

Network externalities give Twitter an incumbent advantage that will slow substantially the migration of users who would prefer alternative platforms.

Responses weighted by each expert's confidence

Question B:

As of now, there needs to be more government regulation around Twitter’s content moderation and personal data protection.

Responses weighted by each expert's confidence

Question A Participant Responses

Participant University Vote Confidence Bio/Vote History
Allen
Franklin Allen
Imperial College London
Agree
6
Bio/Vote History
Twitter is widely used and extensively reported on. It is difficult for any rival to challenge this as President Trump's experience demonstrates.
Antras
Pol Antras
Harvard
Agree
7
Bio/Vote History
Blanchard
Olivier Blanchard
Peterson Institute
Strongly Agree
8
Bio/Vote History
This is something that we are all experiencing...
Bloom
Nicholas Bloom
Stanford
Strongly Agree
8
Bio/Vote History
Blundell
Richard William Blundell
University College London Did Not Answer Bio/Vote History
Botticini
Maristella Botticini
Bocconi
Disagree
8
Bio/Vote History
Bénassy-Quéré
Agnès Bénassy-Quéré
Paris School of Economics
Strongly Agree
10
Bio/Vote History
Carletti
Elena Carletti
Bocconi Did Not Answer Bio/Vote History
Danthine
Jean-Pierre Danthine
Paris School of Economics
Agree
4
Bio/Vote History
De Grauwe
Paul De Grauwe
LSE
Agree
7
Bio/Vote History
Eeckhout
Jan Eeckhout
UPF Barcelona
Strongly Agree
10
Bio/Vote History
Fehr
Ernst Fehr
Universität Zurich
Strongly Agree
9
Bio/Vote History
Freixas
Xavier Freixas
Barcelona GSE
Strongly Agree
5
Bio/Vote History
Fuchs-Schündeln
Nicola Fuchs-Schündeln
Goethe-Universität Frankfurt
Agree
9
Bio/Vote History
Galí
Jordi Galí
Barcelona GSE
Strongly Agree
6
Bio/Vote History
Gorodnichenko
Yuriy Gorodnichenko
Berkeley
Agree
7
Bio/Vote History
Griffith
Rachel Griffith
University of Manchester
No Opinion
Bio/Vote History
Guerrieri
Veronica Guerrieri
Chicago Booth
No Opinion
Bio/Vote History
Guiso
Luigi Guiso
Einaudi Institute for Economics and Finance
Strongly Agree
7
Bio/Vote History
Guriev
Sergei Guriev
Sciences Po
Strongly Agree
8
Bio/Vote History
Honohan
Patrick Honohan
Trinity College Dublin
Agree
1
Bio/Vote History
But the new owner is acting in such an undisciplined manner that a tipping point could come more quickly than would otherwise happen
Javorcik
Beata Javorcik
University of Oxford
Strongly Agree
10
Bio/Vote History
Krahnen
Jan Pieter Krahnen
Goethe University Frankfurt
Strongly Agree
5
Bio/Vote History
Evident. The problem is more sever if there were more than one „challenger“ apps to Twitter, because of a coordination problem.
Kőszegi
Botond Kőszegi
Central European University
Strongly Agree
10
Bio/Vote History
La Ferrara
Eliana La Ferrara
Harvard Kennedy
Strongly Agree
8
Bio/Vote History
Leuz
Christian Leuz
Chicago Booth
Agree
6
Bio/Vote History
Mayer
Thierry Mayer
Sciences-Po
Agree
7
Bio/Vote History
Meghir
Costas Meghir
Yale
Agree
9
Bio/Vote History
Pagano
Marco Pagano
Università di Napoli Federico II
Agree
5
Bio/Vote History
Pastor
Lubos Pastor
Chicago Booth
Agree
3
Bio/Vote History
Persson
Torsten Persson
Stockholm University Did Not Answer Bio/Vote History
Pissarides
Christopher Pissarides
London School of Economics and Political Science Did Not Answer Bio/Vote History
Portes
Richard Portes
London Business School
Agree
4
Bio/Vote History
Prendergast
Canice Prendergast
Chicago Booth
Agree
7
Bio/Vote History
Propper
Carol Propper
Imperial College London
Agree
5
Bio/Vote History
Rasul
Imran Rasul
University College London
Agree
8
Bio/Vote History
Reichlin
Lucrezia Reichlin
London Business School Did Not Answer Bio/Vote History
Reis
Ricardo Reis
London School of Economics
Uncertain
6
Bio/Vote History
Repullo
Rafael Repullo
CEMFI
Agree
4
Bio/Vote History
Rey
Hélène Rey
London Business School
Strongly Agree
9
Bio/Vote History
Schoar
Antoinette Schoar
MIT
Strongly Agree
8
Bio/Vote History
Storesletten
Kjetil Storesletten
University of Minnesota
Agree
6
Bio/Vote History
Sturm
Daniel Sturm
London School of Economics
Agree
8
Bio/Vote History
Van Reenen
John Van Reenen
LSE
Strongly Agree
9
Bio/Vote History
Re-building followers will take substantial time for switchers
Van der Ploeg
Rick Van der Ploeg
Oxford
Disagree
4
Bio/Vote History
There are already plenty of other platforms to choose from.
Vickers
John Vickers
Oxford
Agree
4
Bio/Vote History
Voth
Hans-Joachim Voth
University of Zurich
Agree
7
Bio/Vote History
Whelan
Karl Whelan
University College Dublin Did Not Answer Bio/Vote History
Wyplosz
Charles Wyplosz
The Graduate Institute Geneva
Agree
4
Bio/Vote History

Question B Participant Responses

Participant University Vote Confidence Bio/Vote History
Allen
Franklin Allen
Imperial College London
Disagree
5
Bio/Vote History
Free speech within the bounds of the law is an important freedom.
Antras
Pol Antras
Harvard
Agree
6
Bio/Vote History
Blanchard
Olivier Blanchard
Peterson Institute
Agree
5
Bio/Vote History
Twitter has incentives to get clicks, and thus to allow extreme views and intense, polarizing, discussions. Not the same as optimizing distribution of information
Bloom
Nicholas Bloom
Stanford
Uncertain
7
Bio/Vote History
Blundell
Richard William Blundell
University College London Did Not Answer Bio/Vote History
Botticini
Maristella Botticini
Bocconi
Uncertain
8
Bio/Vote History
Bénassy-Quéré
Agnès Bénassy-Quéré
Paris School of Economics
Agree
6
Bio/Vote History
Carletti
Elena Carletti
Bocconi Did Not Answer Bio/Vote History
Danthine
Jean-Pierre Danthine
Paris School of Economics
Agree
4
Bio/Vote History
De Grauwe
Paul De Grauwe
LSE
Strongly Agree
8
Bio/Vote History
Eeckhout
Jan Eeckhout
UPF Barcelona
Strongly Agree
9
Bio/Vote History
Fehr
Ernst Fehr
Universität Zurich
Agree
8
Bio/Vote History
Freixas
Xavier Freixas
Barcelona GSE
Disagree
5
Bio/Vote History
Government intervention can lead to censuring criticism to the Government. International self regulation of this type of platforms may be better
Fuchs-Schündeln
Nicola Fuchs-Schündeln
Goethe-Universität Frankfurt
Uncertain
5
Bio/Vote History
Galí
Jordi Galí
Barcelona GSE
Agree
6
Bio/Vote History
Gorodnichenko
Yuriy Gorodnichenko
Berkeley
Agree
5
Bio/Vote History
Griffith
Rachel Griffith
University of Manchester
Strongly Agree
7
Bio/Vote History
Guerrieri
Veronica Guerrieri
Chicago Booth
Agree
3
Bio/Vote History
Guiso
Luigi Guiso
Einaudi Institute for Economics and Finance
Uncertain
7
Bio/Vote History
Guriev
Sergei Guriev
Sciences Po
Agree
7
Bio/Vote History
Honohan
Patrick Honohan
Trinity College Dublin
Agree
1
Bio/Vote History
Again the chaotic management of Twitter since the purchase makes regulation more important than before
Javorcik
Beata Javorcik
University of Oxford
Agree
10
Bio/Vote History
Krahnen
Jan Pieter Krahnen
Goethe University Frankfurt
Strongly Agree
5
Bio/Vote History
Whatnis required iis not so much content regulation, but identity revelation, so that the right to free speech is accompanied by full personal responsibility.
Kőszegi
Botond Kőszegi
Central European University
Agree
5
Bio/Vote History
La Ferrara
Eliana La Ferrara
Harvard Kennedy
Agree
2
Bio/Vote History
Leuz
Christian Leuz
Chicago Booth
No Opinion
Bio/Vote History
Mayer
Thierry Mayer
Sciences-Po
Agree
4
Bio/Vote History
Meghir
Costas Meghir
Yale
Agree
9
Bio/Vote History
Pagano
Marco Pagano
Università di Napoli Federico II
Agree
5
Bio/Vote History
Pastor
Lubos Pastor
Chicago Booth
Uncertain
5
Bio/Vote History
Twitter has been forced to censor users due to its advertising-based business model. If it ends up switching to a subscription-based model, it may not need to censor any more. Concerns about Twitter suppressing free speech may thus go away even without government regulation.
Persson
Torsten Persson
Stockholm University Did Not Answer Bio/Vote History
Pissarides
Christopher Pissarides
London School of Economics and Political Science Did Not Answer Bio/Vote History
Portes
Richard Portes
London Business School
Strongly Agree
4
Bio/Vote History
Prendergast
Canice Prendergast
Chicago Booth
Uncertain
8
Bio/Vote History
Propper
Carol Propper
Imperial College London
Strongly Agree
5
Bio/Vote History
Rasul
Imran Rasul
University College London
Agree
7
Bio/Vote History
Reichlin
Lucrezia Reichlin
London Business School Did Not Answer Bio/Vote History
Reis
Ricardo Reis
London School of Economics
Disagree
4
Bio/Vote History
Depends on which type of regulation. Some forms of government regulation of media content are tools for totalitarianism.
-see background information here
Repullo
Rafael Repullo
CEMFI
Disagree
4
Bio/Vote History
Rey
Hélène Rey
London Business School
Strongly Disagree
9
Bio/Vote History
Schoar
Antoinette Schoar
MIT
Strongly Agree
9
Bio/Vote History
A private firm benefiting from strong network externalities, does not have the same incentives to protect user data, that people would like. And since there is no meaningful competition, users do not have a choice to express their preferences by switching suppliers.
Storesletten
Kjetil Storesletten
University of Minnesota
Agree
3
Bio/Vote History
Sturm
Daniel Sturm
London School of Economics
Strongly Agree
8
Bio/Vote History
Van Reenen
John Van Reenen
LSE
Agree
9
Bio/Vote History
Van der Ploeg
Rick Van der Ploeg
Oxford
Agree
5
Bio/Vote History
Vickers
John Vickers
Oxford
Uncertain
3
Bio/Vote History
Voth
Hans-Joachim Voth
University of Zurich
Agree
7
Bio/Vote History
Whelan
Karl Whelan
University College Dublin Did Not Answer Bio/Vote History
Wyplosz
Charles Wyplosz
The Graduate Institute Geneva
Strongly Agree
5
Bio/Vote History
It's not just Twitter. All social media should be regulated like the printed media. In Europe, they are liable for providing fake news, spreading hatred and racism, etc.