%% This BibTeX bibliography file was created using BibDesk. %% http://bibdesk.sourceforge.net/ %% Created for Nadja Stroh-Maraun at 2019-10-22 15:01:19 +0200 %% Saved with string encoding Unicode (UTF-8) @article{krepswilson82, title={Sequential equilibria}, author={Kreps, David M and Wilson, Robert}, journal={Econometrica: Journal of the Econometric Society}, volume = {50}, number = {4}, pages={863--894}, year={1982}, publisher={JSTOR} } @incollection{akerlof1978market, title={The market for “lemons”: Quality uncertainty and the market mechanism}, author={Akerlof, George A}, booktitle={Uncertainty in economics}, pages={235--251}, year={1978}, publisher={Elsevier}, address = {~} } @article{caldarelli2020understanding, author = {Caldarelli, Giulio}, title = {Understanding the Blockchain Oracle Problem: A Call for Action}, journal = {Information}, volume = {11}, number = {11}, pages = {509}, year = {2020} } @article{spence1973job, title={Job Market Signalling}, journal = {The Quarterly Journal of Economics}, author={Spence, Michael}, volume = {87}, number = {3}, pages = {355--374}, year={1973}, publisher={The MIT Press, Agustus} } @misc{dai1998bmoney, author = {Dai, Wei}, title = {b-money}, howpublished = {\url{http://www.weidai.com/bmoney.txt}}, year = {1998} } @misc{back2002hashcash, author = {Back, Adam}, title = {Hashcash - a denial of service counter-measure}, howpublished = {\url{http://www.hashcash.org/papers/hashcash.pdf}}, year = {2002} } @article{haber1991time, title={How to time-stamp a digital document}, author={Haber, Stuart and Stornetta, W Scott}, year={1991}, journal={Journal of Cryptology}, publisher={Springer}, pages={99--111}, volume={2} } @article{rivest1978, title={A method for obtaining digital signatures and public-key cryptosystems}, author={Rivest, Ronald L and Shamir, Adi and Adleman, Leonard}, journal={Communications of the ACM}, volume={21}, number={2}, pages={120--126}, year={1978}, publisher={ACM Digital Library} } @inproceedings{merkle1980protocols, author = {Merkle, Ralph C}, title = {Protocols for public key cryptosystems}, booktitle = {1980 Symposium on Security and Privacy}, publisher = {IEEE Computer Society}, pages = {122--133}, year = {1980}, address = {~} } %blockchain @misc{becketal, title={Blockchain technology in business and information systems research}, author={Beck, Roman and Avital, Michel and Rossi, Matti and Thatcher, Jason Bennett}, journal={Business \& information systems engineering}, volume={59}, pages={381--384}, year={2017}, publisher={Springer} } @article{dellarocas2005reputation, author = {Dellarocas, Chrysanthos}, title = {Reputation Mechanism Design in Online Trading Environments with Pure Moral Hazard}, journal = {Information Systems Research}, volume = {16}, number = {2}, pages = {209--230}, year = {2005} } @article{tschorschscheuermann, title={Bitcoin and beyond: A technical survey on decentralized digital currencies}, author={Tschorsch, Florian and Scheuermann, Bj{\"o}rn}, journal={IEEE Communications Surveys \& Tutorials}, volume={18}, number={3}, pages={2084--2123}, year={2016}, publisher={IEEE} } @article{rice, title={Reputation and uncertainty in online markets: an experimental study}, author={Rice, Sarah C}, journal={Information Systems Research}, volume={23}, number={2}, pages={436--452}, year={2012}, publisher={INFORMS} } @article{morenoTerwiesch, title={Doing business with strangers: Reputation in online service marketplaces}, author={Moreno, Antonio and Terwiesch, Christian}, journal={Information Systems Research}, volume={25}, number={4}, pages={865--886}, year={2014}, publisher={INFORMS} } @article{pavlouDimoka, title={The nature and role of feedback text comments in online marketplaces: Implications for trust building, price premiums, and seller differentiation}, author={Pavlou, Paul A and Dimoka, Angelika}, journal={Information systems research}, volume={17}, number={4}, pages={392--414}, year={2006}, publisher={INFORMS} } @article{hawlitscheketal, title={The limits of trust-free systems: A literature review on blockchain technology and trust in the sharing economy}, author={Hawlitschek, Florian and Notheisen, Benedikt and Teubner, Timm}, journal={Electronic commerce research and applications}, volume={29}, pages={50--63}, year={2018}, publisher={Elsevier} } @article{caiZhu, title={Fraud detections for online businesses: {A} perspective from blockchain technology}, author={Cai, Yuanfeng and Zhu, Dan}, journal={Financial Innovation}, volume={2}, pages={1--10}, year={2016}, publisher={Springer} } @article{ekstrom2005reputation, author = {Ekstrom, Martin A. and Bjornsson, Hans C. and Nass, Clifford I.}, title = {A Reputation Mechanism for Business-to-Business Electronic Commerce That Accounts for Rater Credibility}, journal = {Journal of Organizational Computing and Electronic Commerce}, volume = {15}, number = {1}, pages = {1--18}, year = {2005} } @article{mcknight2017distinguishing, author = {McKnight, D. Harrison and Lankton, Nancy K. and Nicolaou, Andreas and Price, Jean}, title = {Distinguishing the Effects of B2B Information Quality, System Quality, and Service Outcome Quality on Trust and Distrust}, journal = {The Journal of Strategic Information Systems}, volume = {26}, number = {2}, pages = {118--141}, year = {2017} } @article{arrow1950difficulty, author = {Arrow, Kenneth J.}, title = {A Difficulty in the Concept of Social Welfare}, journal = {Journal of Political Economy}, volume = {58}, number = {4}, pages = {328--346}, year = {1950} } @article{pereira2019blockchain, author = {Pereira, Joana and Tavalaei, M. Mahdi and Ozalp, Hakan}, title = {Blockchain-based Platforms: Decentralized Infrastructures and its Boundary Conditions}, journal = {Technological Forecasting and Social Change}, volume = {146}, pages = {94--102}, year = {2019} } @article{bellinietal, title={Blockchain-based distributed trust and reputation management systems: A survey}, author={Bellini, Emanuele and Iraqi, Youssef and Damiani, Ernesto}, journal={IEEE Access}, volume={8}, pages={21127--21151}, year={2020}, publisher={IEEE} } @article{pavlou2006nature, author = {Pavlou, Paul A. and Dimoka, Angelika}, title = {The Nature and Role of Feedback Text Comments in Online Marketplaces: Implications for Trust Building, Price Premiums, and Seller Differentiation}, journal = {Information Systems Research}, volume = {17}, number = {4}, pages = {392--414}, year = {2006} } @article{moreno2014doing, author = {Moreno, Antonio and Terwiesch, Christian}, title = {Doing Business with Strangers: Reputation in Online Service Marketplaces}, journal = {Information Systems Research}, volume = {25}, number = {4}, pages = {865--886}, year = {2014} } @article{buterin2014nextgeneration, author = {Buterin, Vitalik}, title = {A Next-Generation Smart Contract and Decentralized Application Platform}, journal = {White Paper}, year = {2014} } @article{kennesSchiff, title={Simple reputation systems}, author={Kennes, John and Schiff, Aaron}, journal={Scandinavian Journal of Economics}, volume={109}, number={1}, pages={71--91}, year={2007}, publisher={Wiley Online Library} } @article{boltonetal, title={How effective are electronic reputation mechanisms? {A}n experimental investigation}, author={Bolton, Gary E and Katok, Elena and Ockenfels, Axel}, journal={Management science}, volume={50}, number={11}, pages={1587--1602}, year={2004}, publisher={Informs} } @article{josangetal, title={A survey of trust and reputation systems for online service provision}, author={J{\o}sang, Audun and Ismail, Roslan and Boyd, Colin}, journal={Decision support systems}, volume={43}, number={2}, pages={618--644}, year={2007}, publisher={Elsevier} } @article{nakamoto, title={Bitcoin: A peer-to-peer electronic cash system}, author={Nakamoto, Satoshi}, journal={Decentralized business review}, year={2008} } @article{swan2015blockchain, author = {Swan, Melanie}, title = {Blockchain Thinking: The Brain as a Decentralized Autonomous Corporation [Commentary]}, journal = {IEEE Technology and Society Magazine}, volume = {34}, number = {4}, pages = {41--52}, year = {2015} } @article{seidel2018questioning, author = {Seidel, Marc-David L.}, title = {Questioning Centralized Organizations in a Time of Distributed Trust}, journal = {Journal of Management Inquiry}, volume = {27}, number = {1}, pages = {40--44}, year = {2018} } @article{franke2023limited, title={The (limited) power of blockchain networks for information provision}, author={Franke, Benedikt and Fritz, Qi Gao and Stenzel, Andr{\'e}}, journal={Management Science}, volume={70}, number={2}, pages={971--990}, year={2024}, publisher={INFORMS} } @article{defilippi2016interplay, author = {De Filippi, Primavera}, title = {The Interplay between Decentralization and Privacy: The Case of Blockchain Technologies}, journal = {Journal of Peer Production}, issue = {7}, month = sep, year = {2016}, note = {Available at SSRN: \url{https://ssrn.com/abstract=2852689}} } @article{pornpitakpan2004persuasiveness, author = {Pornpitakpan, Chanthika}, title = {The Persuasiveness of Source Credibility: A Critical Review of Five Decades' Evidence}, journal = {Journal of Applied Social Psychology}, volume = {34}, number = {2}, pages = {243--281}, year = {2004} } @article{herhausen2020digital, author = {Herhausen, Dennis and Miočević, Dario and Morgan, Robert E. and Kleijnen, Mirella HP}, title = {The Digital Marketing Capabilities Gap}, journal = {Industrial Marketing Management}, volume = {90}, pages = {276--290}, year = {2020} } @inproceedings{hemmrich2023designing, author = {Hemmrich, Simon and Bobolz, Jan and Beverungen, Daniel and Blömer, Johannes}, title = {Designing Business Reputation Ecosystems – A Method for Issuing and Trading Monetary Ratings on a Blockchain}, booktitle = {31st European Conference on Information Systems (ECIS 2023)}, address = {Kristiansand}, year = {2023} } @inproceedings{narang2019design, author = {Narang, Shivika and Byali, Megha and Dayama, Pankaj and Pandit, Vinayaka and Narahari, Yadati}, title = {Design of Trusted B2B Market Platforms Using Permissioned Blockchains and Game Theory}, booktitle = {2019 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)}, pages = {385--393}, month = may, year = {2019} } @article{subramanian2017decentralized, author = {Subramanian, Hemang}, title = {Decentralized Blockchain-Based Electronic Marketplaces}, journal = {Communications of the ACM}, volume = {61}, number = {1}, pages = {78--84}, year = {2017} } @article{honhonHyndman, title={Flexibility and reputation in repeated prisoner’s dilemma games}, author={Honhon, Doroth{\'e}e and Hyndman, Kyle}, journal={Management Science}, volume={66}, number={11}, pages={4998--5014}, year={2020}, publisher={INFORMS} } @article{bolton2004how, author = {Bolton, Gary E. and Katok, Elena and Ockenfels, Axel}, title = {How Effective Are Electronic Reputation Mechanisms? {A}n Experimental Investigation}, journal = {Management Science}, volume = {50}, number = {11}, pages = {1587--1602}, year = {2004} } @article{bolton2013engineering, author = {Bolton, Gary and Greiner, Ben and Ockenfels, Axel}, title = {Engineering Trust: Reciprocity in the Production of Reputation Information}, journal = {Management Science}, volume = {59}, number = {2}, pages = {265--285}, year = {2013} } @article{beck2017blockchain, author = {Beck, Roman and Avital, Michel and Rossi, Matti and Thatcher, Jason Bennett}, title = {Blockchain Technology in Business and Information Systems Research}, journal = {Business \& Information Systems Engineering}, volume = {59}, pages = {381--384}, year = {2017} } @article{dellarocas2003digitization, title={The digitization of word of mouth: Promise and challenges of online feedback mechanisms}, author={Dellarocas, Chrysanthos}, journal={Management science}, volume={49}, number={10}, pages={1407--1424}, year={2003}, publisher={INFORMS} } @article{shapiro1982consumer, title={Consumer information, product quality, and seller reputation}, author={Shapiro, Carl}, journal={The Bell Journal of Economics}, pages={20--35}, year={1982}, publisher={JSTOR} } @article{mohawesh2021fake, title={Fake reviews detection: A survey}, author={Mohawesh, Rami and Xu, Shuxiang and Tran, Son N and Ollington, Robert and Springer, Matthew and Jararweh, Yaser and Maqsood, Sumbal}, journal={IEEE Access}, volume={9}, pages={65771--65802}, year={2021}, publisher={IEEE} } @article{he2022market, title={The market for fake reviews}, author={He, Sherry and Hollenbeck, Brett and Proserpio, Davide}, journal={Marketing Science}, volume={41}, number={5}, pages={896--921}, year={2022}, publisher={INFORMS} } @article{xu2023optimal, title={Optimal information disclosure strategies for a retail platform in the blockchain technology era}, author={Xu, Qingyun and He, Yi}, journal={International Journal of Production Research}, volume={61}, number={11}, pages={3781--3792}, year={2023}, publisher={Taylor \& Francis} } @article{ZHANG2024126, title = {Price signal or blockchain technology? Quality information disclosure in dual-channel supply chains}, journal = {European Journal of Operational Research}, volume = {316}, number = {1}, pages = {126-137}, year = {2024}, issn = {0377-2217}, doi = {https://doi.org/10.1016/j.ejor.2024.01.019}, url = {https://www.sciencedirect.com/science/article/pii/S0377221724000389}, author = {Qian Zhang and Yongjian Li and Pengwen Hou and Jun Wang}, keywords = {Supply chain management, Information asymmetry, Signaling game, Blockchain}, abstract = {Quality information asymmetry regardless of online or offline channels have damaged the profits of high-quality manufacturers. Price signal and blockchain technology (BCT) are two strategies to eliminate this asymmetry, with BCT potentially incurring higher costs but also boosting demand potential. Therefore, in a dual-channel supply chain consisting of a manufacturer with private quality information and a retailer, we use a game-theoretic model to investigate which information strategy should be adopted by the high-quality manufacturer. Main results unveil a counterintuitive finding: the high-quality manufacturer may not reap greater benefits from BCT despite its ability to simultaneously boost prices and demands in both channels; conversely, the retailer can still derive benefits from BCT even if it fails to augment the expected demand in the retail channel. We attribute this phenomenon to two key effects of BCT: the information effect and the basic demand expansion effect. Additionally, we highlight the pivotal impact of channel market share on the value of these two strategies, as it not only affects the efficiency of information transmission through the price signal strategy but also the distinct demand enhancement that BCT offers to both channels. Specifically, for the products with a lower production cost difference and a higher market share in the retail channel, our research demonstrates that BCT has the potential to benefit the entire supply chain. This paper provides practical guidance for the strategic implementation of BCT in dual channels.} } @article{GERSBACH202230, title = {Lemons and peaches: Multi-stage buying mechanisms with a Devil’s Menu}, journal = {Mathematical Social Sciences}, volume = {117}, pages = {30-46}, year = {2022}, issn = {0165-4896}, doi = {https://doi.org/10.1016/j.mathsocsci.2022.01.003}, url = {https://www.sciencedirect.com/science/article/pii/S0165489622000099}, author = {Hans Gersbach and Akaki Mamageishvili and Oriol Tejada}, keywords = {Lemons market, Partition, Signaling, Commitment, Market maker, Vote-buying, Lobbying, Decoy ballots, Devil’s Menu}, abstract = {We introduce a four-stage, multi-price buying mechanism which can be used by a (big) buyer to separate low-quality sellers – called “lemon” owners – from high-quality sellers – called “peach” owners. With a partition of sellers into several groups, the buyer obtains the commodities from a desired number of “peach” owners at a price that matches their willingness to sell. For their part, “lemon” owners are trapped into selling their items at a low, or even negligible, price. We discuss several variants of this mechanism – generically called a Devil’s Menu – and show how the degree of surplus extraction by the buyer is related to the number of prices used and to the extent to which items can be bought sequentially. The common feature of all the variants is that they allow the buyer to neglect those partition groups with the highest number of false claims made by sellers who own lemons. This, in turn, yields equilibria in which no false claims are made. Our results are robust for several extensions of our baseline setup. Finally, we offer applications of our insights for market regulators, political interest groups, and decoy ballots.} } @article{MAMADA2022107, title = {The market for lemons and information theory}, journal = {Mathematical Social Sciences}, volume = {120}, pages = {107-112}, year = {2022}, issn = {0165-4896}, doi = {https://doi.org/10.1016/j.mathsocsci.2022.10.002}, url = {https://www.sciencedirect.com/science/article/pii/S0165489622000786}, author = {Robert Mamada}, keywords = {Adverse selection, Index, Information theory, Mutual information, Sequential Bayesian game}, abstract = {Spence’s theory of signaling shows that signals can resolve adverse selections in job markets. Instead of signals, I consider what Spence calls indices and show that if the costs of knowing the indices are not nil, they could play the role of resolving adverse selection in sequential Bayesian games. I also show that by incorporating costs that are measured by the mutual information of indices, adverse selection can be resolved if the costs fall within a certain range.} } @article{tadelis2016reputation, title={Reputation and feedback systems in online platform markets}, author={Tadelis, Steven}, journal={Annual review of economics}, volume={8}, number={1}, pages={321--340}, year={2016}, publisher={Annual Reviews} } @article{10.1257/jel.52.4.1075, Author = {Koszegi, Botond}, Title = {Behavioral Contract Theory}, Journal = {Journal of Economic Literature}, Volume = {52}, Number = {4}, Year = {2014}, Month = {December}, Pages = {1075–1118}, DOI = {10.1257/jel.52.4.1075}, URL = {https://www.aeaweb.org/articles?id=10.1257/jel.52.4.1075}} @book{bolton2004contract, title={Contract theory}, author={Bolton, Patrick and Dewatripont, Mathias}, year={2004}, publisher={MIT press}, address = {~} } @article{kreps1994signalling, title={Signalling}, author={Kreps, David M and Sobel, Joel}, journal={Handbook of game theory with economic applications}, volume={2}, pages={849--867}, year={1994}, publisher={Elsevier} } @TechReport{RePEc:mit:worpap:496, author={Drew Fudenberg and Jean Tirole}, title={{Perfect Bayesian and Sequential Equilibria: A Clarifying Note}}, year=1988, month=May, institution={Massachusetts Institute of Technology (MIT), Department of Economics}, type={Working papers}, url={https://ideas.repec.org/p/mit/worpap/496.html}, number={496}, abstract={No abstract is available for this item.}, keywords={}, doi={}, }