Buyer feedback as a filtering mechanism for reputable sellers

Details Buyer feedback as a filtering mechanism for reputable sellers Buyer feedback as a filtering mechanism for reputable sellers

2002-07-04

arxiv.org/abs/physics/0207020v1

Physica A, Volume 316, Issues 1-4, 15 December 2002, Pages 413-429

Physics

Physics and Society

15 pages, 8 figures

Scientific paper

10.1016/S0378-4371(02)01215-3

We propose a continuum model for the description of buyer and seller dynamics in an Internet market. The relevant variables are the research effort of buyers and the sellers' reputation building process. We show that, if a commercial web-site gives consumers the possibility to rate credibly sellers they bargained with, vendors are forced to be more honest. This leads to mutual beneficial symbiosis between buyers and sellers; the overall enhanced volume of transactions contributes ultimately to the web-site, which facilitates the matchmaking service.

Affiliated with

Also associated with

No associations

Rating

Buyer feedback as a filtering mechanism for reputable sellers does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Buyer feedback as a filtering mechanism for reputable sellers, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Buyer feedback as a filtering mechanism for reputable sellers will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-155266