Product Ratings and Externalities

Published Online:https://doi.org/10.1287/mnsc.2024.04684

References

  • Amacher GS, Koskela E, Ollikainen M (2004) Environmental quality competition and eco-labeling. J. Environ. Econom. Management 47(2):284–306. CrossrefGoogle Scholar
  • Baksi S, Bose P (2007) Credence goods, efficient labelling policies, and regulatory enforcement. Environ. Resource Econom. 37(2):411–430. CrossrefGoogle Scholar
  • Balafoutas L, Kerschbamer R (2020) Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions. J. Behavioral Experiment. Finance 26:100285.CrossrefGoogle Scholar
  • Bartling B, Valero V, Weber R (2019) On the scope of externalities in experimental markets. Experiment. Econom. 22(3):610–624.CrossrefGoogle Scholar
  • Bartling B, Weber RA, Yao L (2015) Do markets erode social responsibility? Quart. J. Econom. 130(1):219–266.CrossrefGoogle Scholar
  • Bénabou R, Tirole J (2010) Individual and corporate social responsibility. Economica 77(305):1–19.CrossrefGoogle Scholar
  • Bhaskar V, Thomas C (2019) Community enforcement of trust with bounded memory. Rev. Econom. Stud. 86(3):1010–1032.CrossrefGoogle Scholar
  • Board S, Meyer-ter Vehn M (2013) Reputation for quality. Econometrica 81(6):2381–2462.CrossrefGoogle Scholar
  • Bohnet I, Huck S (2004) Repetition and reputation: Implications for trust and trustworthiness when institutions change. Amer. Econom. Rev. 94(2):362–366.CrossrefGoogle Scholar
  • Bolton GE, Katok E, Ockenfels A (2004) How effective are electronic reputation mechanisms? An experimental investigation. Management Sci. 50(11):1587–1602.LinkGoogle Scholar
  • Bottega L, De Freitas J (2019) Imperfect certification in a Bertrand duopoly. Econom. Lett. 178:33–36.CrossrefGoogle Scholar
  • Brandts J, Figueras N (2003) An exploration of reputation formation in experimental games. J. Econom. Behav. Organ. 50(1):89–115.CrossrefGoogle Scholar
  • Camerer C, Weigelt K (1988) Experimental tests of a sequential equilibrium reputation model. Econometrica 56(1):1–36.CrossrefGoogle Scholar
  • Carlsson F, Gravert C, Johansson-Stenman O, Kurz V (2021) The use of green nudges as an environmental policy instrument. Rev. Environ. Econom. Policy 15(2):216–237.CrossrefGoogle Scholar
  • Cason TN, Gangadharan L (2002) Environmental labeling and incomplete consumer information in laboratory markets. J. Environ. Econom. Management 43(1):113–134.CrossrefGoogle Scholar
  • Cherry TL, Kallbekken S, Kroll S, McEvoy DM (2013) Cooperation in and out of markets: An experimental comparison of public good games and markets with externalities. Econom. Lett. 120(1):93–96.CrossrefGoogle Scholar
  • Duckworth JJ, Randle M, McGale LS, Jones A, Doherty B, Halford JCG, Christiansen P (2022) Do front-of-pack “green labels” increase sustainable food choice and willingness-to-pay in U.K. consumers? J. Cleaner Production 371:133466.CrossrefGoogle Scholar
  • Dulleck U, Kerschbamer R (2006) On doctors, mechanics, and computer specialists: The economics of credence goods. J. Econom. Literature 44(1):5–42.CrossrefGoogle Scholar
  • Ekmekci M (2011) Sustainable reputations with rating systems. J. Econom. Theory 146(2):479–503.CrossrefGoogle Scholar
  • Embrey M, Fréchette GR, Lehrer SF (2015) Bargaining and reputation: An experiment on bargaining in the presence of behavioural types. Rev. Econom. Stud. 82(2):608–631.CrossrefGoogle Scholar
  • Fernandes ME, Valente M (2021) What you get is not what you paid for: New evidence from a lab experiment on negative externalities and information asymmetries. J. Behavioral Experiment. Econom. 93:101712.CrossrefGoogle Scholar
  • Fischbacher U (2007) z-Tree: Zurich toolbox for ready-made economic experiments. Experiment. Econom. 10(2):171–178.CrossrefGoogle Scholar
  • Fischer C, Lyon TP (2019) A theory of multitier ecolabel competition. J. Assoc. Environ. Resource Economists 6(3):461–501.CrossrefGoogle Scholar
  • Fréchette GR, Yuksel S (2017) Infinitely repeated games in the laboratory: Four perspectives on discounting and random termination. Experiment. Econom. 20(2):279–308.CrossrefGoogle Scholar
  • Fudenberg D, Levine DK (1989) Reputation and equilibrium selection in games with a patient player. Econometrica 57(4):759–778.CrossrefGoogle Scholar
  • Fudenberg D, Levine DK (1992) Maintaining a reputation when strategies are imperfectly observed. Rev. Econom. Stud. 59(3):561–579.CrossrefGoogle Scholar
  • Garnett T, Mathewson S, Angelides P, Borthwick F (2015) Policies and actions to shift eating patterns: What works. Foresight 515(7528):518–522.Google Scholar
  • Grosskopf B, Sarin R (2010) Is reputation good or bad? An experiment. Amer. Econom. Rev. 100(5):2187–2204.CrossrefGoogle Scholar
  • Hamilton SF, Zilberman D (2006) Green markets, eco-certification, and equilibrium fraud. J. Environ. Econom. Management 52(3):627–644.CrossrefGoogle Scholar
  • Harrison GW, Hoffman E, Rutstrom E, Spitzer ML (1987) Coasian solutions to the externality problem in experimental markets. Econom. J. 97(386):388–402.Google Scholar
  • Heggedal T-R, Helland L, Knutsen MV (2022) The power of outside options in the presence of obstinate types. Games Econom. Behav. 136:454–468.CrossrefGoogle Scholar
  • Heres DR, Kallbekken S, Galarraga I (2017) The role of budgetary information in the preference for externality-correcting subsidies over taxes: A lab experiment on public support. Environ. Resource Econom. 66(1):1–15.CrossrefGoogle Scholar
  • Herweg F, Schmidt KM (2022) How to regulate carbon emissions with climate-conscious consumers. Econom. J. 132(648):2992–3019.Google Scholar
  • Hui X, Jin GZ, Liu M (2024) Designing quality certificates: Insights from eBay. J. Marketing Res. 62(1):40–60.CrossrefGoogle Scholar
  • Johnson ND, Mislin AA (2011) Trust games: A meta-analysis. J. Econom. Psych. 32(5):865–889.CrossrefGoogle Scholar
  • Kandori M, Obara I (2006) Less is more: An observability paradox in repeated games. Internat. J. Game Theory 34(4):475–493.CrossrefGoogle Scholar
  • Karl H, Orwat C (1999) Economic aspects of environmental labelling. Folmer H, Tietenberg T, eds. The International Yearbook of Environmental and Resource Economics 1999/2000 (Edward Elgar Publishing, Cheltenham, UK), 107–170.CrossrefGoogle Scholar
  • Kaufmann M, Andre P, Kőszegi B (2024) Understanding markets with socially responsible consumers. Quart. J. Econom. 139(3):1989–2035.CrossrefGoogle Scholar
  • Kitzmueller M, Shimshack J (2012) Economic perspectives on corporate social responsibility. J. Econom. Literature 50(1):51–84.CrossrefGoogle Scholar
  • Kreps DM, Milgrom P, Roberts J, Wilson R (1982) Rational cooperation in the finitely repeated prisoners’ dilemma. J. Econom. Theory 27(2):245–252.CrossrefGoogle Scholar
  • List JA (2006) The behavioralist meets the market: Measuring social preferences and reputation effects in actual transactions. J. Political Econom. 114(1):1–37.CrossrefGoogle Scholar
  • Liu Q (2011) Information acquisition and reputation dynamics. Rev. Econom. Stud. 78(4):1400–1425.CrossrefGoogle Scholar
  • Liu Q, Skrzypacz A (2014) Limited records and reputation bubbles. J. Econom. Theory 151:2–29.CrossrefGoogle Scholar
  • Mason CF (2011) Eco-labeling and market equilibria with noisy certification tests. Environ. Resource Econom. 48(4):537–560.CrossrefGoogle Scholar
  • Neral J, Ochs J (1992) The sequential equilibrium theory of reputation building: A further test. Econometrica 60(5):1151–1169.CrossrefGoogle Scholar
  • Nyborg K, Howarth RB, Brekke KA (2006) Green consumers and public policy: On socially contingent moral motivation. Resource Energy Econom. 28(4):351–366.CrossrefGoogle Scholar
  • Pei H (2024) Reputation effects under short memories. J. Political Econom. 132(10):3421–3460.CrossrefGoogle Scholar
  • Plott CR (1983) Externalities and corrective policies in experimental markets. Econom. J. 93(369):106–127.Google Scholar
  • Shi ZJ, Srinivasan K, Zhang K (2023) Design of platform reputation systems: Optimal information disclosure. Marketing Sci. 42(3):500–520.LinkGoogle Scholar
  • Tadelis S (2016) Reputation and feedback systems in online platform markets. Annual Rev. Econom. 8(1):321–340.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.