The main results of our indirect evolutionary approach to trust in large interactions suggest that trsutworthiness must … be detectable if good conduct in trust-relationships is to survive. According to theoretical reasoning there is a niche … institutions like eBay will increasingly have to "economize on virtue" although so far they could rely on its spontaneous provision. …

A great deal of late bidding has been observed on internet auctions such as ebay, which employ a second price auction …

Many bidders in eBay employ bidding strategies that involve late bids, incremental bids, or both. Based on field …

Trust that suppliers and buyers will keep their word is a necessary ingredient to a wellfunctioning marketplace …, putting them out of the reach ofthe legal safeguards and the long-term relationships that build trust in the brick …

that, unlike the partner market, the benefits of trust and trustworthy behavior go to the whole community and are not …

contribute to a better understanding of how trust is influenced by the effects of power and its application, and how trust …

We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory … markets. EBay's natural trading system provides bridges between lab and field environment that can be exploited to explore …