Study finds online marketplaces overplay safeguards and ignore social aspects of transactions

Wednesday, November 23, 2011 - 16:00 in Mathematics & Economics

As Cyber Monday approaches, a new study of e-commerce giants eBay and Amazon challenges a common assumption that trust and risk are always important considerations for buyers in online marketplaces, arguing instead that auction sites may have "over-invested in institutional structures" to reduce buyers' economic risk while ignoring social elements of their transactions.

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