| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5749 |
| DP5749 Menu Costs and Asymmetric Price Adjustment | |
| Tore Ellingsen; John Hassler; Richard Friberg | |
| 发表日期 | 2006-07-11 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Feedback mechanisms that allow partners to rate each other after a transaction are considered crucial for the success of anonymous internet trading platforms. We document an asymmetry in the feedback behaviour on eBay, propose an explanation based on the micro structure of the feedback mechanism and the time when feedbacks are given, and support this explanation by findings from a large data set. Our analysis implies that the informational content of feedback records is likely to below. The reason for this is that agents appear to leave feedbacks strategically. Negative feedbacks are given late, in the "last minute", or not given at all, because of the fear of retaliative negative feedback. Conversely, positive feedbacks are given early in order to encourage reciprocation. Towards refining our insights into the observed pattern, we look separately at buyers and sellers, and relate the magnitude of the effects to the trading partners' experience. |
| 主题 | Industrial Organization |
| 关键词 | Ebay Reputation mechanism Strategic feedback behaviour Informational content Reciprocity Fear of retaliation |
| URL | https://cepr.org/publications/dp5749 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534591 |
| 推荐引用方式 GB/T 7714 | Tore Ellingsen,John Hassler,Richard Friberg. DP5749 Menu Costs and Asymmetric Price Adjustment. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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