Showing 21 - 30 of 104,392
It is often argued in economics that building a reputation for trustworthiness could help individuals or firms to … test whether a seller's bad reputation has an effect on selling prices. For auctions of popular DVDs at eBay we do indeed … significantly. Hence, bidders on the eBay marketplace seem to concentrate on relative rather than on absolute measures of reputation …
Persistent link: https://www.econbiz.de/10005790571
platform reputation in an infinite horizon model. With linear fees the platform can mitigate, but not eliminate, the loss of … reputation induced by moral hazard. If lump-sum fees (registration fees) can be levied, moral hazard can be overcome. The upfront …
Persistent link: https://www.econbiz.de/10008837702
This article contributes to the research on trust and reputation formation in anonymous online markets. I first give a … formal account of the reputation mechanism in anonymous online markets and derive testable hypotheses. Based on the analysis … of a large set of process data (N≈176,000), I corroborate a statistically and economically significant seller reputation …
Persistent link: https://www.econbiz.de/10011051783
In economic approaches it is often argued that reputation considerations influence the behavior of individuals or firms … and that reputation influences the outcome of markets. Empirical evidence is rare though. In this contribution we argue … that a positive reputation of sellers should have an effect on selling prices. Analyzing auctions of popular DVDs at eBay …
Persistent link: https://www.econbiz.de/10010365875
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10010294835
make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation … factors could improve advice quality. Besides advisor competition and identifiability, we add the possibility for clients to …
Persistent link: https://www.econbiz.de/10011985504
factors could improve advice quality. Besides advisor competition and identifiability we add the possibility for clients to … (leading to several client-advisor interactions over the course of the game) or competition (allowing one advisor to have …
Persistent link: https://www.econbiz.de/10011932891
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10010271236
smaller CRAs and new incumbents are the increase of market share as well as reputation. Therefore, the market competition … prevailing incentive problem of the market and contemporaneously satisfy the reputation demand of the investors? This paper … theoretical approach that considers reputation as one of the most important aspects within the market. After analysing the status …
Persistent link: https://www.econbiz.de/10009672312
factors could improve advice quality. Besides advisor competition and identifiability we add the possibility for clients to … identifiabilitiy (leading to several client-advisor interactions over the course of the game) or competition (allowing one advisor to …-telling under competition. …
Persistent link: https://www.econbiz.de/10011580425