As an intermediary improves trust between two sides of its market to facilitate matching and transactions, it faces an … increased risk of disintermediation: with sufficient trust, the two sides may circumvent the intermediary to avoid the … intermediary's fees. We investigate the relationship between increased trust and disintermediation by leveraging a randomized …

Subject of this paper are the problems of trust in electronic commerce that have originated because of the disparity … between authenticity and identity of digital signatures. It is shown, that this problem of trust between unknown persons is …