Reputational Mechanisms in Consumer-to-Consumer Online Commerce

Author(s):  
Mikhail I. Melnik

The emergence of the internet is similar to the industrial revolution since it fundamentally changed the costs of transmitting information. However, low costs of transmitting information do not address the issue of the quality of information. One area of online commerce where quality of information became a crucial factor to the development and growth of the marketplace was consumer-to-consumer commerce. Asymmetry of information emerged as a detrimental threat to the growth and development of consumer-to-consumer commerce and yet the market found an intuitive and creative way of addressing the issue: feedback and rating mechanisms. Perhaps the greatest example of this is the story of success is the largest consumer-to-consumer platform: eBay.

Author(s):  
Mikhail I. Melnik

The emergence of the Internet is similar to the industrial revolution since it fundamentally changed the costs of transmitting information. However, low costs of transmitting information do not address the issue of the quality of information. One area of online commerce where quality of information became a crucial factor to the development and growth of the market place was the consumer-to-consumer commerce. Asymmetry of information emerged as a detrimental threat to the growth and development of consumer-to-consumer commerce and yet the market found an intuitive and creative way of addressing the issue: feedback and rating mechanisms. Perhaps the greatest example of this is the story of success of the largest consumer-to-consumer platform: eBay.


2009 ◽  
Vol 43 (10) ◽  
pp. 934-945 ◽  
Author(s):  
Caryl Barnes ◽  
Robin Harvey ◽  
Alex Wilde ◽  
Dusan Hadzi-Pavlovic ◽  
Kay Wilhelm ◽  
...  

2017 ◽  
Vol 23 (10) ◽  
pp. 1217-1222 ◽  
Author(s):  
Irena Druce ◽  
Chantal Williams ◽  
Carolyn Baggoo ◽  
Erin Keely ◽  
Janine Malcolm

2008 ◽  
Vol 18 (11) ◽  
pp. 1455-1459 ◽  
Author(s):  
B. Makar ◽  
D. Quilliot ◽  
R. Zarnegar ◽  
T. Levan ◽  
A. Ayav ◽  
...  

2021 ◽  
Vol 26 (11) ◽  
pp. 1227-1235
Author(s):  
V. D. Ardzinov ◽  
N. V. Chepachenko ◽  
A. A. Leont’ev

The presented study examines the comparative characteristics of industrial revolution targets, national goals, and strategic objectives for the development of the Russian economy; proposes methods for measuring and evaluating technological development; describes its impact on economic growth and shows the performance of enterprises.Aim. The study aims to determine the specific features of formation of economic and social development targets and the potential of new technologies, including breakthrough technologies, for shaping the technological development of the Russian economy; to propose methods for measuring and evaluating technological development and its impact on the growth and development of the national economy that would improve the quality of economic and managerial decision-making.Tasks. The authors clarify the interpretation of the concept of breakthrough technologies; identify distinctive features in the formation of industrial revolution targets and priority targets for the development of the Russian economy; substantiate methodological approaches to identifying parameters and indicators, methods for measuring and evaluating the level of technological development, its impact on the results of changes in economic growth and development of the national economy and its economic entities.Methods. The authors use the methods of scientific research, theoretical and comparative analysis, synthesis, generalization, general theory of economic growth, and elements of the economic efficiency theory.Results. The interpretation of breakthrough technologies as dominant new technologies that can ensure accelerated progressive development of the economy and minimize damage to the natural environment is clarified. The distinctive features of formation of industrial revolution targets and their relationship with the targets for the development of the Russian economy are identified. Evaluative features are substantiated; indicators for measuring and evaluating the transformation of the technological development of enterprises engaged in different activities and indicators for measuring and evaluating the impact of new technologies, including breakthrough technologies, on economic growth and development are proposed. The influence of the recommended measurement and evaluation methods on improving the quality of management decisions is shown.Conclusions. The study substantiates the need to improve methods for assessing the actual achieved (projected, planned) level of technological development as a necessary prerequisite for its qualitative analysis, evaluation, control, and monitoring required to make sound economic and managerial decisions. The proposed methods for measuring and evaluating technological development, measuring and evaluating the impact of new technologies, including breakthrough technologies, on the quality of economic growth, efficiency and competitiveness of the national economy (region, industry, activity, enterprises) improve the quality of managerial decision-making in achieving national goals for the development of the national economy.


Author(s):  
Luiz Antonio Joia ◽  
José Antonio Alves Silva

The scope of this article is to conduct research into the influence of the Internet on processes of personnel recruitment, in light of the growing number of companies seeking to attract candidates for employment onto their staff and the enormous number of professionals who currently use this technology in their search for employment or professional placement. The exponential growth of the Internet in the world is a direct result of the technological facilities inherent to its usage and the fascination exerted by the richness and reach of information available on the Web (Evans & Wurster, 2000). Evans et al. (2000) refer to a basic law of the information economy: “There is a universal trade-off between richness and reach.” (p. 23) To the authors, “richness” signifies the quality of the information de- fined by the user: accuracy, bandwidth, currentness, personalization, interactivity, relevance, security, and so forth, while “reach” signifies the number of people who share and have access to this information. In the former industrial economy, it was only possible to share extremely detailed information with a mere handful of people. The old technology did not allow the same desired degree of richness and reach to be attained simultaneously. In the labor market, the concepts propounded by these authors may be used to good advantage, adding to what they refer to as “asymmetry of information.” By applying this concept to recruiting and taking the company as the interested party, one can see how Internet technology may harmonize the ability of companies in general in their search for professionals, with the impetus of qualified professionals seeking a new position or change in profession (Zambos & Salazar, 2001).


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