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Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...
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In this paper we provide a simple new version of Arrow’s impossibility theorem, in a world with only one preference profile. This theorem relies on a new assumption of preference diversity, and we explore alternative notions of preference diversity at length.
Persistent link: https://www.econbiz.de/10010318976
, 2005) in both anonymity and face-to-face treatments. Subjects consist of students and non-students (citizens) to … in the anonymity treatment, but that is not significantly difference between the anonymity and face-to-face treatments … than in the anonymity treatment; and iv) the receivers who are deceived are more likely to believe a sender's message to be …
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anonymity, hiding-proofness and strategy-proofness. In particular, we prove that a priority rule is strategy-proof if and only …
Persistent link: https://www.econbiz.de/10010316052
When person A makes an offer to person B and B rejects it, then A may lose face. This loss of face is assumed to occur only if B knows for sure of A's offer. While under some circumstances loss of face can be rationalized by the consequences for future reputation, it may also enter directly into...
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