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This paper introduces a model for analyzing marketplaces, such as eBay, which rely on binary reputation mechanisms for quality signaling and quality control. In our model sellers keep their actual quality private and choose what quality to advertise. The reputation mechanism is primarily used to...
Persistent link: https://www.econbiz.de/10014123309
Several properties of online interaction are challenging the accumulated wisdom of trading communities on how to produce and manage trust. Online reputation reporting systems have emerged as a promising trust management mechanism in such settings. The objective of this paper is to contribute to...
Persistent link: https://www.econbiz.de/10014123310
Reputation systems are emerging as an increasingly important component of online communities, helping elicit good behavior and cooperation among loosely connected and geographically dispersed economic agents. A deeper understanding of the factors that drive voluntary online feedback contribution...
Persistent link: https://www.econbiz.de/10014069983
An important current trend in advertising is the replacement of traditional pay-per-exposure (pay-per-impression) pricing models with performance-based mechanisms in which advertisers pay only for measurable actions by consumers. Such pay-per-action (PPA) mechanisms are becoming the predominant...
Persistent link: https://www.econbiz.de/10014045096