Showing 1 - 10 of 30
trust and trade efficiency. Guided by feedback patterns observed on eBay and other platforms we run laboratory experiments …, leading to more accurate reputation information, more trust and more efficient trade. We discuss the implications for theory … building and for managing the redesign of market trust systems. …
Persistent link: https://www.econbiz.de/10005824138
efficiency, it also exhibits a kind of public goods problem in that, unlike in the partners market, the benefits of trust and …
Persistent link: https://www.econbiz.de/10009204411
We study the interplay of inequality and trust in a dynamic growth game, in which trust increases efficiency and thus … allows higher growth of the laboratory economy in the future. We find that trust (as measured by the percentage of wealth … invested in a trust game) is initially high in a treatment starting with equal endowments, but decreases over time. In a …
Persistent link: https://www.econbiz.de/10011048177
We study the interplay of inequality and trust in a dynamic game, in which trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10010264271
We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real world markets with experienced traders, who selected themselves into these markets. EBay's natural trading system provides...
Persistent link: https://www.econbiz.de/10010264320
Many Internet markets rely on feedback systems', essentially social networks of reputation, to facilitate trust and … market encounters are one-shot) most frequently enhances trust and trustworthiness, and always increases total gains … each other) in promoting trust and trustworthiness if the market is sufficiently competitive. We conclude that, overall …
Persistent link: https://www.econbiz.de/10010264338
environment drives the evolution of trust and trustworthiness through the evolution of moral preferences, and how in turn the … trustworthiness in non-anonymous communities supports the evolution of trust and thus crowds out legal institutions. (...) …
Persistent link: https://www.econbiz.de/10005845210
Feedback withdrawal mechanisms in online markets aim to facilitate the resolution of conflicts during transactions. Yet, frequently used online feedback withdrawal rules are flawed and may backfire by inviting strategic transaction and feedback behavior. Our laboratory experiment shows how a...
Persistent link: https://www.econbiz.de/10012603351
Reciprocal feedback distorts the production and content of reputation information, hampering trust and trade efficiency … changes in the way feedback information flows through the system, leading to more accurate reputation information, more trust …
Persistent link: https://www.econbiz.de/10005004031
We study the interplay of inequality and trust in a dynamic game, where trust increases efficiency and thus allows … higher growth of the experimental economy in the future. We find that trust is initially high in a treatment starting with … equal endowments, but decreases over time. In a treatment with unequal endowments, trust is initially lower yet remains …
Persistent link: https://www.econbiz.de/10005754938