The authors thank Professor Vishal Gaur, the associate editor, and three referees for their constructive comments. The authors thank Alibaba for providing crowd-judging data and institutional details. For their valuable input, the authors thank John Birge, Ruomeng Cui, Nitish Jain, Gillian Ku, Kamalini Ramdas, and Nicos Savva as well as the participants of the European TOM Seminar Series, the 2019 American Law and Economics Association Annual Conference, the HKU-Lingnan-Florida Platform Competition Conference, 14th Annual Conference on Empirical Legal Studies, and 23rd Annual Conference of the Society for Institutional and Organizational Economics as well as workshop participants at University of Michigan, University of Southern California, George Mason University, and Academia Sinica.