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and buyers. Despite their crucial role, the design of reputation systems remains a complicated issue. Some platforms try … reviews or ratings. In contrast, some platforms disclose only partial product information to the public. Platforms, as the …
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Digital platforms have grown rapidly, overcoming many market inefficiencies by facilitating direct interactions between … now efficiently reach huge markets. But the success of digital platforms created a concomitant challenge: differentiation … they hurt less reputable producers. Analysis of more than one million observations from two digital platforms—MusicShare (a …
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In the last years, online rating and reputational mechanisms have become increasingly important in the regulation of behavior in the platform economy. Consumers tend to rely on online reviews to distinguish between service providers both in the business-to-consumer and peer-to-peer economy. The...
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We consider a platform which provides probabilistic forecasts to a customer using some algorithm. We introduce a concept of miscalibration, which measures the discrepancy between the forecast and the truth. We characterize the platform's optimal equilibrium when it incurs some cost for...
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