Evidence of the effect of trust building technology in electronic markets: Price premiums and buyer behavior

• 成果类型: Article
• 署名作者: Ba, SL; Pavlou, PA
• 署名单位: University of Connecticut; University of Southern California
• 刊物名称: MIS QUARTERLY
• ISSN/ISSBN: 0276-7783
• DOI: 10.2307/4132332
• 发表日期: 2002
• 页码: 243-268
• 关键词: seller relationships; consumer research; demand artifacts; determinants; performance; reputation; commerce

摘要

Despite the wide use of reputational mechanisms such as eBay's Feedback Forum to promote trust, empirical studies have shown conflicting results as to whether online feedback mechanisms induce trust and lead to higher auction prices. This study examines the extent to which trust can be induced by proper feedback mechanisms in electronic markets, and how some risk factors play a role in trust formation. Drawing from economic, sociological, and marketing theories and using data from both an online experiment and an online auction market, we demonstrate that appropriate feedback mechanisms can induce calculus-based credibility trust without repeated interactions between two transacting parties. Trust can mitigate information asymmetry by reducing transaction-specific risks, therefore generating price premiums for reputable sellers. In addition, the research also examines the role that trust plays in mitigating the risks inherent in transactions that involve very expensive products.