The purposes of this study are to examine differences in prices that safari sunset flower growers from Israel receive on the Dutch flower bursa, suggest factors that influence such differences, and examine strength and significance of each factor. We show that price differences between growers...

We build a model of reputation featuring a long-lived player (e.g. an online seller) and an infinite sequence of short-lived players (e.g. online buyers) which is consistent with three crucial idiosyncrasies of online reputation systems. First, players observe history of past actions upon...

This article presents four experiments testing the prediction that assignment of contract rights erodes the moral obligation to perform. The first three studies used an experimental laboratory game designed to model contractual exchange. Players in the games were less selfish with a previously...

This paper considers a simple model of zero-sum conflict between two players (e.g., territorial dispute) in which costly actions (e.g., terrorism) are available to one side. We identify how reputation effects shape the outcome of such conflict. A small prior of fanatic commitment type induces...

We show that users' reputations on the sharing economy platform of Airbnb are racially biased. We do so by comparing the ratings of vacation rentals cross-listed on two sharing economy platforms: Airbnb and HomeAway. Whereas on Airbnb, the social demographic characteristics of hosts are salient,...

In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more trustworthy sellers into markets with such...