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We study the endogenous dynamics of reputations in a system consisting of firms with long horizons that provide goods or services with varying levels of quality, and large numbers of customers who assign to them reputations on the basis of the quality levels that they experience when interacting...
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This paper investigates whether firms’ responsiveness to customer reviews affects firms’ online reputation …. Responsiveness is measured by the intensity (fraction) of reviews that are responded to whereas online reputation is measured using … online reputation, d) hotels with more volatile online ratings, and e) hotels with more experience responding to negative …
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reputation: “Reputation Failure.” By spotlighting the public-good nature of reviews, rankings, and even gossip, this Article … biases that systematically distort it. The Article argues that these distortions are inherent to most systems of reputation … and that they make reputation far less reliable than traditionally understood.The limits of reputation highlight the …
Persistent link: https://www.econbiz.de/10012851499
The concept of reputation has been used in every field of economic research, given its capacity to affect the outcome … of all economic and financial transactions. The theoretical debate on reputation is very rich, but the mechanisms of … reputation building have not been explored enough from the empirical viewpoint. In this paper we investigate the determinants of …
Persistent link: https://www.econbiz.de/10012718927
over seller quality. Typically, these markets use reputation systems to alleviate this issue, but the effectiveness of … auction, or wait for more bids. In the process, she trades-off sellers’ price, reputation, other attributes, and the costs of … waiting and canceling. Our framework addresses ‘dynamic selection’, which can lead to underestimation of reputation, through …
Persistent link: https://www.econbiz.de/10014039786
In this paper we model tourism in the framework of multi-population dynamics and analyze the time pattern of its development through the evolving interaction between two populations feeding on a common space-resource. Each population might be structured in two (or more) "clubs" of members...
Persistent link: https://www.econbiz.de/10014210595
We propose a model for the evolution of market share in presence of social influence. We study a simple market in which the individuals arrive sequentially and choose one of the available products. Their decision of which product to choose is a stochastic function of the inherent quality of the...
Persistent link: https://www.econbiz.de/10014180550