Partial Credence Goods on Review Platforms
Speaker
Artyom Jelnov, Ariel University
Date
07/06/2022 - 13:00 - 11:30Add To Calendar
2022-06-07 11:30:00
2022-06-07 13:00:00
Partial Credence Goods on Review Platforms
We study a repeated credence goods market where experts provide treatment to customers. We assume that the history of transactions is recorded on a biased review platform that contains information only about treatments, and not about non-treatments.
We also introduce the notion of a partial credence good, where the customer receives a noisy signal about the quality of treatment. Absent such signals, there is a breakdown of the market. We provide a sufficient and necessary condition on the signals that guarantee the existence of any non-trivial equilibrium, as well as an efficient one
Joint work with Ronen Gradwohl
Link to the seminar recording.
BIU Economics common room and will be Zoomed on https://us02web.zoom.us/j/82536086839
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Place
BIU Economics common room and will be Zoomed on https://us02web.zoom.us/j/82536086839
Affiliation
https://artyomjelnov.weebly.com/
Abstract
We study a repeated credence goods market where experts provide treatment to customers. We assume that the history of transactions is recorded on a biased review platform that contains information only about treatments, and not about non-treatments.
We also introduce the notion of a partial credence good, where the customer receives a noisy signal about the quality of treatment. Absent such signals, there is a breakdown of the market. We provide a sufficient and necessary condition on the signals that guarantee the existence of any non-trivial equilibrium, as well as an efficient one
Joint work with Ronen Gradwohl
Link to the seminar recording.
Last Updated Date : 07/06/2022
