The Market for Evaluations Export

@article{citeulike:490107, abstract = {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; third, the optimal quantity of evaluations depends on what is learned from the initial evaluations.}, author = {Avery, Christopher and Resnick, Paul and Zeckhauser, Richard}, citeulike-article-id = {490107}, citeulike-linkout-0 = {http://ideas.repec.org/a/aea/aecrev/v89y1999i3p564-584.html}, journal = {American Economic Review}, keywords = {networks, reputation}, posted-at = {2006-02-03 04:44:45}, priority = {0}, title = {The Market for Evaluations}, url = {http://ideas.repec.org/a/aea/aecrev/v89y1999i3p564-584.html}, year = {1999} }

TY - JOUR ID - citeulike:490107 L3 - citeulike-article-id:490107 N2 - 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; third, the optimal quantity of evaluations depends on what is learned from the initial evaluations. JF - American Economic Review TI - The Market for Evaluations KW - networks KW - reputation AU - Avery, Christopher AU - Resnick, Paul AU - Zeckhauser, Richard PY - 1999/// UR - http://ideas.repec.org/a/aea/aecrev/v89y1999i3p564-584.html ER -