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Trust and Reputation in Internet Auctions
Diekmann, Andreas; Jann, Ben; Wyder, David - ETH Zurich, Chair of Sociology - 2004
Exchange between anonymous actors in Internet auctions corresponds to a one-shot prisoner's dilemma-like situation … data from about 200 auctions of mobile phones we empirically explore the effects of the reputation system. In general, the … analysis of nonobtrusive data from auctions may help to gain a deeper understanding of basic social processes of exchange …
Persistent link: https://www.econbiz.de/10005635075
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Public procurement and reputation : an agent-based model
Fiorino, Nadia; Galli, Emma; Rizzo, Ilde; Valente, Marco - In: Metroeconomica : international review of economics 74 (2023) 4, pp. 806-832
Persistent link: https://www.econbiz.de/10014437459
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Communication and Reputation in Procurement Auctions – Some Empirical Evidence
Heinrich, Timo - 2011
This paper studies the role of communication and reputation in market interactions using data from online procurement … auctions. Not only positive reputation ratings but also engaging in communication increases a bidder's probability of winning …
Persistent link: https://www.econbiz.de/10010285498
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Virtual capacity and competition
Schultz, Christian - 2005
In several European merger cases competition authorities have demanded that the merging firm auctions off virtual …
Persistent link: https://www.econbiz.de/10010261290
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The Market for liars: Reputation and auditor honesty
McLennan, Andrew; Park, In-Uck - 2003
In the model there are two types of financial auditors with identical technology, one of which is endowed with a prior reputation for honesty. We characterize conditions under which there exists a 'two-tier equilibrium' in which 'reputable' auditors refuse bribes offered by clients for fear of...
Persistent link: https://www.econbiz.de/10010332213
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...
Persistent link: https://www.econbiz.de/10010271236
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Honest grading, grade inflation and reputation
Ehlers, Tim; Schwager, Robert - 2012
When grades lose their informative value because the percentage of students receiving the best grade rises without any corresponding increase in ability, this is called grade inflation. Conventional wisdom says that such grade inflation is unavoidable since it is essentially costless to award...
Persistent link: https://www.econbiz.de/10010311695
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Laws and norms
Benabou, Roland; Tirole, Jean - 2012
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals' behaviors and...
Persistent link: https://www.econbiz.de/10010282313
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Selling reputation when going out of business : presented at CEFifo Area Conference on Industrial Organisation, March 2004
Hakenes, Hendrik; Peitz, Martin - CESifo Area Conference on Industrial Organisation … - 2004
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...
Persistent link: https://www.econbiz.de/10011449475
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Image versus information : changing societal norms and optimal privacy
Ali, S. Nageeb; Bénabou, Roland - 2016
We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the...
Persistent link: https://www.econbiz.de/10011476544