
handle: 10419/73573 , 10419/68512
We investigate the impact of self-organized reputation versus certification by an independent institution on demand for online shops. Using data from a large Austrian price comparison site, we show that quality seals issued by a credible and independent institution increase demand more than feedback-based reputation. This result is important for markets where the market-maker must deal with issues of asymmetric information concerning the quality of goods and services in the market.
Web 2.0, certification, L15, ddc:330, online markets; search engines; signaling; certification; reputation;, reputation, search engines, Produktimage, D81, online markets, Asymmetrische Information, Online markets, search engines, signaling, certification, reputation, Entscheidung bei Unsicherheit, Konsumentenverhalten, Österreich, signaling, Online-Handel, D21, C23, jel: jel:D81, jel: jel:C23, jel: jel:D21, jel: jel:L15
Web 2.0, certification, L15, ddc:330, online markets; search engines; signaling; certification; reputation;, reputation, search engines, Produktimage, D81, online markets, Asymmetrische Information, Online markets, search engines, signaling, certification, reputation, Entscheidung bei Unsicherheit, Konsumentenverhalten, Österreich, signaling, Online-Handel, D21, C23, jel: jel:D81, jel: jel:C23, jel: jel:D21, jel: jel:L15
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