Adverse selection and moral hazard in anonymous markets
We study the effects of improvements in eBay’s rating mechanism on seller exit and continuing sellers’ behavior. Following a large sample of sellers over time, we exploit the fact that the rating mechanism was changed to reduce strategic bias in buyer rating. That improvement did not lead to increas...
|Authors and Corporations:||, ,|
|Other Authors:||Lambertz, Christian 1982- , Stahl, Konrad 1941-|
|Type of Resource:||E-Book|
Mannheim: ZEW, 2013
Zentrum für Europäische Wirtschaftsforschung: ZEW discussion papers ; 13-050