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An important current trend in advertising is the replacement of traditional pay-per-exposure (aka pay-per-impression) pricing models with performance based mechanisms in which advertisers pay only for measurable actions by consumers. Such pay-per-action mechanisms are becoming the predominant...
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This paper studies settings where a number of sellers of different reputations for honesty simultaneously offer sealed-bid, second-price, single-unit auctions for imperfect substitute goods to unit-demand buyers. Among other applications, these settings can serve as an abstraction of large scale...
Persistent link: https://www.econbiz.de/10014047658
Although many researchers in Information Systems and Marketing have studied the effect of product reviews on sales, few have looked at their effect on product returns. We hypothesize that, by reducing product uncertainty, product reviews affect the probability of product returns. We elaborate...
Persistent link: https://www.econbiz.de/10014142567
This paper introduces a model for analyzing marketplaces, such as eBay, which rely on binary reputation mechanisms for quality signaling and quality control. In our model sellers keep their actual quality private and choose what quality to advertise. The reputation mechanism is primarily used to...
Persistent link: https://www.econbiz.de/10014123309
Several properties of online interaction are challenging the accumulated wisdom of trading communities on how to produce and manage trust. Online reputation reporting systems have emerged as a promising trust management mechanism in such settings. The objective of this paper is to contribute to...
Persistent link: https://www.econbiz.de/10014123310
Social media have great potential to support diverse information sharing, but there is widespread concern that platforms like Twitter do not result in communication between those who hold contradictory viewpoints. Because users can choose whom to follow, prior research suggests that social media...
Persistent link: https://www.econbiz.de/10014126209
Reputation mechanisms have become an important component of electronic markets, helping to build trust and elicit cooperation among loosely connected and geographically dispersed economic agents. Understanding the impact of different reputation mechanism design parameters on the resulting market...
Persistent link: https://www.econbiz.de/10014056539