Title :
Reputation mechanism based online lemon problems solving system
Author :
Zhang, Xianfeng ; Zhang, Yong
Author_Institution :
Sch. of Econ. & Finance, Xi´´an Jiaotong Univ., China
Abstract :
The Internet has greatly influenced the classic analyzing background of Akerlof´s lemon problems, as dealers tend to have more severe speculative intentions than that in traditional economy, which consequently may lead to the deteriorating lemon problems. The paper has done in the following aspects: stated the worsening possibilities of lemon problems in the Internet environment; specified the operating mechanism of dual-rating reputation system and figured out the shortcomings; comparatively analyzed the efficiency of dual quality factor involved reputation system through discussing the problems of reputation system with buyer quality factor related only; and finally proposed a dual quality factors based reputation mechanism solution for online lemon problems.
Keywords :
Internet; electronic commerce; transaction processing; Akerlof online lemon problems solving system; Internet; buyer quality factor; online transactions; reputation mechanism system; Accreditation; Cost function; Environmental economics; Finance; Internet; Law; Legal factors; Navigation; Problem-solving; Q factor;
Conference_Titel :
Services Systems and Services Management, 2005. Proceedings of ICSSSM '05. 2005 International Conference on
Print_ISBN :
0-7803-8971-9
DOI :
10.1109/ICSSSM.2005.1499584