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We study settings where a number of sellers simultaneously offer vertically differentiated Vickrey auctions for imperfect substitute goods to unit-demand buyers. Vertical differentiation can arise from differences in item quality, item value certainty, seller reliability, or a combination of...
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are essential to well-functioning markets. Internet-enabled reputation mechanisms that collect and disseminate consumer … ability of reputation and more traditional litigation-like mechanisms for dispute resolution to induce efficient economic … or as complements. We find that the popular view of reputation as an efficient and relatively costless way to induce …
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Online "feedback mechanisms" - also known as "reputation systems" - have been implemented in the most important private …
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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 …
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Online Reputation Systems are a key, but under-appreciated, component of virtually every social web application. They … topic. I provide a practical overview of the promises and challenges of online reputation mechanism design, and how to …
Persistent link: https://www.econbiz.de/10014045097
the seller's reputation. Buyers self-separate into a finite number of zones, according to their types. Buyers whose types … auctions. In such equilibria auction revenue is an increasing convex function of seller reputation. Allowing unit …
Persistent link: https://www.econbiz.de/10014047658
This paper introduces a model for analyzing marketplaces, such as eBay, which rely on binary reputation mechanisms for … advertise. The reputation mechanism is primarily used to induce sellers to advertise truthfully. Buyers base their ratings on …
Persistent link: https://www.econbiz.de/10014123309