Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...

Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...

Whether a plaintiff is awarded more just because she has asked for more is a fascinating question. The existing studies are predominantly experimental, as the “control group” in the experiments hardly exists in reality. Using Taiwan’s transaction data on land sales and leases to create a...

The effect of attorney experience in civil litigation has not been causally identified because attorneys everywhere are not randomly assigned to clients and detailed measures of jurist experience have not been available. Using a unique data set from Taiwan, we measured attorney experience by...

Using traffic data from Taiwan for 2020, we quantify how the COVID-19 outbreak affected demand for public and private transportation. Despite there being no governmental restrictions, substantial shifts in travel modes were observed. During the peak of the pandemic in Taiwan within the study...

This paper studies the seller's online listing strategy and its consequences. By focusing on the fixed-price posting, buy-it-now auction and regular auction, we empirically investigate how the sellers choose the listing format and its associated strategic instruments to better understand their...

Using data from Taiwan's Yahoo! auctions of Nikon cameras, this paper investigates whether there exists any difference in transaction results between commodities which are sold by authorized sellers and those which are parallel imports. We find that the parallel imports and the authorized...