Designing On-Line Mediation Services for C2C Markets

@article{Zhao2006DesigningOM,
  title={Designing On-Line Mediation Services for C2C Markets},
  author={Xia Zhao and Fang Fang and Andrew B. Whinston},
  journal={Int. J. Electron. Commer.},
  year={2006},
  volume={10},
  pages={71-93}
}
  • Xia Zhao, Fang Fang, Andrew B. Whinston
  • Published in Int. J. Electron. Commer. 2006
  • Computer Science, Economics
  • This paper proposes an on-line mediation services (OMS) mechanism to alleviate the consequences of asymmetric information for traders in C2C markets. In an adverse-selection setting, the mechanism facilitates on-line transactions by (1) inducing traders to negotiate efficiently in the presence of ex post discrepancy, and (2) enabling sellers with higher probability of selling a high-quality product to signal their superiority and enjoy a price premium. The mechanism can also be implemented as a… CONTINUE READING

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