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Author: Xiang Hui
Publisher:
ISBN:
Category :
Languages : en
Pages : 104
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Book Description
In Chapter 2, we focus on a trust policy that mitigates inefficiencies arising from asymmetric information. Traditionally, some markets rely on government interventions, while others rely on reputation systems, warranties, or guarantees. This paper explores the impact of two mechanisms, namely reputation badges and buyer protection programs, and their interaction on eBay's marketplace. Adding buyer protection reduces the premium for the reputation badge and increases efficiency in the marketplace. These efficiency gains are achieved by reducing moral hazard through an increase in sellers' quality and by reducing adverse selection through a higher exit rate for low-quality sellers. Our estimates suggest buyer protection increases the total welfare by 2.9%.
Author: Xiang Hui
Publisher:
ISBN:
Category :
Languages : en
Pages : 104
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Book Description
In Chapter 2, we focus on a trust policy that mitigates inefficiencies arising from asymmetric information. Traditionally, some markets rely on government interventions, while others rely on reputation systems, warranties, or guarantees. This paper explores the impact of two mechanisms, namely reputation badges and buyer protection programs, and their interaction on eBay's marketplace. Adding buyer protection reduces the premium for the reputation badge and increases efficiency in the marketplace. These efficiency gains are achieved by reducing moral hazard through an increase in sellers' quality and by reducing adverse selection through a higher exit rate for low-quality sellers. Our estimates suggest buyer protection increases the total welfare by 2.9%.
Author: Hal R. Varian
Publisher: Cambridge University Press
ISBN: 1139456725
Category : Business & Economics
Languages : en
Pages : 114
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Book Description
The Economics of Information Technology is a concise and accessible review of some of the important economic factors affecting information technology industries. These industries are characterized by high fixed costs and low marginal costs of production, large switching costs for users, and strong network effects. These factors combine to produce some unique behavior. The book consists of two parts. In the first part, Professor Varian outlines the basic economics of these industries. In the second part, Professors Farrell and Shapiro describe the impact of these factors on competition policy. The clarity of the analysis and exposition makes this an ideal introduction for undergraduate and graduate students in economics, business strategy, law and related areas.
Author: Rachel F. Fefer
Publisher:
ISBN:
Category : Electronic commerce
Languages : en
Pages : 39
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Book Description
Author: Bohdan Kukharskyy
Publisher:
ISBN:
Category :
Languages : de
Pages : 294
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Book Description
Author: Lee, In
Publisher: IGI Global
ISBN: 1605660876
Category : Computers
Languages : en
Pages : 566
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Book Description
"This book presents quality articles focused on key issues concerning technology in business"--Provided by publisher.
Author: Berin Szoka
Publisher: TechFreedom
ISBN: 0983820600
Category : Computers
Languages : en
Pages : 578
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Book Description
Author: David J. Teece
Publisher: World Scientific
ISBN: 9789810244477
Category : Technology & Engineering
Languages : en
Pages : 528
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Book Description
This book examines the manner in which successful firms develop, transfer, protect, and capture value from technological innovation. In essence, it is about ?knowledge management?, which lies at the foundation of firm level competitive advantage in today's global economy. The essays contain some of the fundamental contributions to the field of knowledge management by one of its best-known thinkers; they also constitute an immensely practical guide for those managers who wish to look below the surface of what is going on in Silicon Valley and elsewhere.
Author: United States. Congress. Office of Technology Assessment
Publisher: DIANE Publishing
ISBN: 1428922075
Category :
Languages : en
Pages : 113
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Book Description
Author: Matthias Rauterberg
Publisher: Springer Nature
ISBN: 3031181581
Category : Computers
Languages : en
Pages : 558
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Book Description
This proceedings LNCS 13516 constitutes the refereed proceedings of the 24th International Conference on Human-Computer Interaction, HCII 2022, which was held virtually as part of the 24th International Conference, HCII 2022, during June 26 to July 1, 2022. HCII 2022 received a total of 5583 submissions from academia, research institutes, industry, and governmental agencies from 88 countries submitted contributions, and 1276 papers and 275 posters were included in the proceedings that were published just before the start of the conference. Additionally, 296 papers and 181 posters are included in the volumes of the proceedings published after the conference, as “Late Breaking Work” (papers and posters). The contributions thoroughly cover the entire field of human-computer interaction, addressing major advances in knowledge and effective use of computers in a variety of application areas.
Author: Mart¡nez-Fierro, Salustiano
Publisher: IGI Global
ISBN: 1591408954
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
"The book analyzes the development of global business-to-business electronic markets, and whether these markets are becoming a way of improving trust between organizations"--Provided by publisher.
