Showing 1 - 10 of 9,246
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 consumer-to-consumer online platforms that enable selling (e.g., eBay, Taobao) or sharing (e.g., Airbnb, Uber) of goods and services, information asymmetry between providers (e.g., sellers, hosts, drivers) and consumers (e.g., buyers, guests, passengers) pose challenges. Such platforms...
Persistent link: https://www.econbiz.de/10014106726
New sellers who enter online marketplaces have to build up an online reputation in order to be successful. I examine … reputation. Using data from an online self-publishing platform, I show that the same e-book is more likely to be offered as free … reputation is driven by a selection effect, whereby more consumers with a lower preference for a particular e-book provide …
Persistent link: https://www.econbiz.de/10012903479
We build a model of reputation featuring a long-lived player (e.g. an online seller) and an infinite sequence of short …-lived players (e.g. online buyers) which is consistent with three crucial idiosyncrasies of online reputation systems. First …. Third, short-lived players may have partial knowledge about the entire history of the game to date given that the reputation …
Persistent link: https://www.econbiz.de/10014167260
Reputation systems are emerging as an increasingly important component of online communities, helping elicit good …-depth study of the motivations of trader participation in eBay's reputation system. To examine these questions, we analyze data … expectation of reciprocal behavior from partners increases reputation system participation from self-interested eBay buyers and …
Persistent link: https://www.econbiz.de/10014069983
We study how signaling affects equilibrium outcomes and welfare in markets with adverse selection. Using data from an online credit market, we estimate a model of borrowers and lenders where low reserve interest rates can signal low default risk. Comparing a market with and without signaling...
Persistent link: https://www.econbiz.de/10013036169
We examine how word-of-mouth learning may lead to uniform and possibly inefficient actions in finite time among a network of agents. In our model, agents are identically informed a priori and observe network neighbors’ actions as well as the payoffs of some or all of those actions (a...
Persistent link: https://www.econbiz.de/10014047946
Persistent link: https://www.econbiz.de/10012252048
Persistent link: https://www.econbiz.de/10011497353
Persistent link: https://www.econbiz.de/10012494677