The Market for Evaluations

@inproceedings{Avery1999TheMF,
  title={The Market for Evaluations},
  author={Christopher Avery and Paul Resnick and Richard J Zeckhauser},
  year={1999}
}
Recent developments in computer networks have driven the cost of distributing information virtually to zero, creating extraordinary opportunities for sharing product evaluations. We present pricing and subsidy mechanisms that operate through a computerized market and induce the efficient provision of evaluations. The mechanisms overcome three major challenges: first, evaluations, which are public goods, are likely to be underprovided; second, an inefficient ordering of evaluators may arise… CONTINUE READING
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