G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w25917
来源IDWorking Paper 25917
Steering in Online Markets: The Role of Platform Incentives and Credibility
Moshe A. Barach; Joseph M. Golden; John J. Horton
发表日期2019-06-10
出版年2019
语种英语
摘要Platform marketplaces can potentially steer buyers to certain sellers by recommending or guaranteeing those sellers. Money-back guarantees—which create a direct financial stake for the platform in seller performance—might be particularly effective at steering, as they align buyer and platform interests in creating a good match. We report the results of an experiment in which a platform marketplace—an online labor market—guaranteed select sellers for treated buyers. The presence of a guarantee strongly steered buyers to these guaranteed sellers, but offering guarantees did not increase sales overall, suggesting financial risk was not determinative for the marginal buyer. This preference for guaranteed sellers was not the result of their lower financial risk, but rather because buyers viewed the platform’s decision to guarantee as informative about relative seller quality. Indeed, a follow-up experiment showed that simply recommending the sellers that the platform would have guaranteed was equally effective at steering buyers.
主题Microeconomics ; Households and Firms ; Market Structure and Distribution ; Economics of Information
URLhttps://www.nber.org/papers/w25917
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583591
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Moshe A. Barach,Joseph M. Golden,John J. Horton. Steering in Online Markets: The Role of Platform Incentives and Credibility. 2019.
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