Content Moderation with Shadowbanning

The authors express their gratitude to Dr. Cristobal Cheyre for insightful feedback and invaluable contributions as the discussant of their research at Workshop on Information Systems and Economics (WISE) 2023. The authors also thank their colleagues at the University of Calgary for helpful suggestions, Jeanette Burman for excellent editing assistance, and Ashkan Eshghi for his generous and invaluable help.