Arbeitspapier
Market Transparency, Adverse Selection, and Moral Hazard
We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to the change, but not to an increase in seller exit. When sellers had the choice between exiting'a reduction in adverse selection'and improved behavior'a reduction in moral hazard', they preferred the latter because of lower cost. Increasing market transparency improves on market outcomes.
- Language
-
Englisch
- Bibliographic citation
-
Series: SFB/TR 15 Discussion Paper ; No. 426
- Classification
-
Wirtschaft
Market Design
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Information and Product Quality; Standardization and Compatibility
- Subject
-
Anonymous markets
adverse selection
moral hazard
reputation building mechanisms
market transparency
market design
- Event
-
Geistige Schöpfung
- (who)
-
Klein, Tobias J.
Lambertz, Christian
Stahl, Konrad O.
- Event
-
Veröffentlichung
- (who)
-
Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
- (where)
-
München
- (when)
-
2013
- DOI
-
doi:10.5282/ubm/epub.17291
- Handle
- URN
-
urn:nbn:de:bvb:19-epub-17291-0
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Klein, Tobias J.
- Lambertz, Christian
- Stahl, Konrad O.
- Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
Time of origin
- 2013
Other Objects (12)
Market Transparency, Adverse Selection, and Moral Hazard
Market Transparency, Adverse Selection, and Moral Hazard
Market Transparency, Adverse Selection, and Moral Hazard
Adverse selection and moral hazard in anonymous markets
Adverse Selection and Moral Hazard with Multidimensional Types
Adverse selection and moral hazard in anonymous markets
Optimal Delegated Search with Adverse Selection and Moral Hazard
Optimal delegated search with adverse selection and moral hazard
Adverse Selection und Moral Hazard in der Privat- und Sozialversicherung
Optimal contract and organizational design under moral hazard and adverse selection
Venture capital, double-sided adverse selection, and double-sided moral hazard
The Impact of Other-Regarding Preferences on Moral Hazard and Adverse Selection
Market Transparency, Adverse Selection, and Moral Hazard
Market Transparency, Adverse Selection, and Moral Hazard
Market Transparency, Adverse Selection, and Moral Hazard
Adverse selection and moral hazard in anonymous markets
Adverse Selection and Moral Hazard with Multidimensional Types
Adverse selection and moral hazard in anonymous markets
Optimal Delegated Search with Adverse Selection and Moral Hazard
Optimal delegated search with adverse selection and moral hazard
Adverse Selection und Moral Hazard in der Privat- und Sozialversicherung
Optimal contract and organizational design under moral hazard and adverse selection
Venture capital, double-sided adverse selection, and double-sided moral hazard
The Impact of Other-Regarding Preferences on Moral Hazard and Adverse Selection
Market Transparency, Adverse Selection, and Moral Hazard
Market Transparency, Adverse Selection, and Moral Hazard
Market Transparency, Adverse Selection, and Moral Hazard
Adverse selection and moral hazard in anonymous markets
Adverse Selection and Moral Hazard with Multidimensional Types
Adverse selection and moral hazard in anonymous markets
Optimal Delegated Search with Adverse Selection and Moral Hazard
Optimal delegated search with adverse selection and moral hazard
Adverse Selection und Moral Hazard in der Privat- und Sozialversicherung
Optimal contract and organizational design under moral hazard and adverse selection
Venture capital, double-sided adverse selection, and double-sided moral hazard