Vol.3 Economic Value Generated by Social Rankings

Abstract

In this report, we discuss the economic value generated by social rankings as the theoretical part of this report. Especially we considered about what meanings of value the social rankings generate. Creating economic value means there is the potential for fraud. So we discuss about how to check the fraud in Japanese Laws. After that, as a case study part, we analyze an Election method and result. Elections are a good example of rankings. The Liberal Democratic Party’s presidential election was held in September 2024 and the results of the election were quite remarkable. We analyzed the election method the reasons.