Summary
We model an online consumer-to-consumer (C2C) market by employing the prisoner’s dilemma. To discuss the characteristics of goods traded on a C2C market, we define temptation and contribution indexes based on the payoff matrix of the game. According to the results of the simulation with the model, we find that a positive reputation management system can promote cooperative behavior in online C2C markets. Moreover, we also find that such a system is especially effective for an online C2C market where expensive physical goods are traded, whereas a negative reputation management system is effective for an online C2C market where information goods are traded.
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© 2005 Springer-Verlag Tokyo
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Yamamoto, H., Ishida, K., Ohta, T. (2005). Evolution of Cooperative Behavior in C2C market: Effect of Reputation Management System. In: Terano, T., Kita, H., Kaneda, T., Arai, K., Deguchi, H. (eds) Agent-Based Simulation: From Modeling Methodologies to Real-World Applications. Agent-Based Social Systems, vol 1. Springer, Tokyo. https://doi.org/10.1007/4-431-26925-8_5
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DOI: https://doi.org/10.1007/4-431-26925-8_5
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-26592-4
Online ISBN: 978-4-431-26925-0
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