Vidal's libraryTitle: | The Market for Evaluations |
Author: | Chris Avery, Paul Resnick, and Richard Zeckhauser |
Journal: | The American Economic Review |
Volume: | 89 |
Number: | 3 |
Pages: | 564--484 |
Year: | 1999 |
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. |
Cited by 92 - Google Scholar
@Article{avery99a,
author = {Chris Avery and Paul Resnick and Richard Zeckhauser},
title = {The Market for Evaluations},
googleid = {PeE58nbjdLwJ:scholar.google.com/},
journal = {The American Economic Review},
volume = 89,
number = 3,
pages = {564--484},
year = 1999,
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. },
keywords = {auctions recommender economics},
url = {http://jmvidal.cse.sc.edu/library/avery99a.pdf},
cluster = {13579728876438413629}
}
Last modified: Wed Mar 9 10:14:41 EST 2011