The Market for Evaluations
Recent developments in computer networks have driven the cost of distributing information virtually to zero, creating extraordinary opportunities for sharing product evaluations. The authors 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; and third, the optimal quantity of evaluations depends on what is learned from the initial evaluations.
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Volume (Year): 89 (1999)
Issue (Month): 3 (June)
Pages: 564-584
| Handle: | RePEc:aea:aecrev:v:89:y:1999:i:3:p:564-584 |
| Note: | DOI: 10.1257/aer.89.3.564 |
| Contact details of provider: | Web page: https://www.aeaweb.org/aer/ Email: More information through EDIRC
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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