Many Internet markets rely on feedback systems', essentially social networks of reputation, to facilitate trust and … of these systems. We investigate how different forms of market competition and social reputation networks interact in a … market encounters are one-shot) most frequently enhances trust and trustworthiness, and always increases total gains …

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 …

As the Internet economy has grown, so too has the need for trust. A degree of trust is a critical ingredient in … virtually all economic relationships, Internet or otherwise. Every day we choose to trust plumbers, doctors, employers …, employees, teachers, airlines, and others. The need for trust arises from the fact that we cannot contract on every move other …