Buyer feedback as a filtering mechanism for reputable sellers
نویسندگان
چکیده
منابع مشابه
Buyer feedback as a filtering mechanism for reputable sellers
We propose a continuum model for the description of buyer and seller dynamics in an Internet market. The relevant variables are the research effort of buyers and the sellers’ reputation building process. We show that, if a commercial web-site gives consumers the possibility to rate credibly sellers they bargained with, vendors are forced to be more honest. This leads to mutual beneficial symbio...
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Article history: Received 7 March 2006 Available online 19 March 2009 JEL classification: D82 J33 M50
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Increasing significance of the online consumer-to-consumer (C-2-C) auction market has amplified the need for buyers and sellers to engage in transactions with anonymous counterparts. The sequence of paying first and then taking delivery, introduces a great amount of risk for potential buyers. In order to mitigate this risk, online auction markets (OAMs) are employing an assortment of governance...
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ژورنال
عنوان ژورنال: Physica A: Statistical Mechanics and its Applications
سال: 2002
ISSN: 0378-4371
DOI: 10.1016/s0378-4371(02)01215-3