Efficiency through feedback-contingent fees and rewards in auction marketplaces with adverse selection and moral hazard.

Chrysanthos Dellarocas

Published in: EC (2003)

Keyphrases

adverse selection
moral hazard
electronic markets
mechanism design
incentive compatible
online auctions
reputation mechanisms
infinite horizon
electronic commerce
markov decision processes
principal agent
incomplete information
reinforcement learning
construction project
combinatorial auctions
key factors