Yliopiston etusivulle Suomeksi På svenska In English Helsingin yliopisto

Quality Uncertainty and Market Efficiency in E-commerce

Show simple item record

dc.contributor Helsingin yliopisto, Yleisen valtio-opin laitos fi
dc.contributor University of Helsinki, Department of Political Science en
dc.contributor Helsingfors universitet, Allmän statslära, Institutionen för sv
dc.contributor.author Kai, Zhan
dc.date.accessioned 2009-09-08T09:33:15Z
dc.date.available 2009-09-08T09:33:15Z
dc.date.issued 2003-10-13 en
dc.identifier.uri http://hdl.handle.net/10138/10874
dc.description Endast avhandlingens sammandrag. Pappersexemplaret av hela avhandlingen finns för läsesalsbruk i Statsvetenskapliga biblioteket (Unionsgatan 35). Dessa avhandlingar fjärrutlånas endast som microfiche. sv
dc.description Abstract only. The paper copy of the whole thesis is available for reading room use at the Library of Social Sciences (Unioninkatu 35) . Microfiche copies of these theses are available for interlibrary loans. en
dc.description Vain tiivistelmä. Opinnäytteiden sidotut arkistokappaleet ovat luettavissa HY:n keskustakampuksen valtiotieteiden kirjastossa (Unioninkatu 35). Opinnäytteitä lainataan ainoastaan mikrokortteina kirjaston kaukopalvelun välityksellä fi
dc.description.abstract This research is focused on the quality uncertainty and market efficiency in E-commerce. The purpose of this study is to analyse the economics of lemons market in electronic commerce. In addition, I try to find methods to deal with this problem. Electronic commerce is presenting an exciting opportunity to reduce transaction costs, but its future may depend on how non-technological but fundamentally economic issues such as the lemons problems are solved, or it will essentially lead to the market failure. Repeat purchases play an important role in my analysis. In my opinion, one of the main reasons why electronic commerce players are losing money is because high-quality products cannot receive higher prices in high-quality markets. Due to lack of sufficient informed consumers, firms have to spend on dissipative advertising to signal product quality and consumers have to pay higher prices for high-quality products. By so doing, market efficiency cannot achieve. Thus, how to make consumers informed is the core of the problem of resolving lemons problems. I suggest that electronic intermediaries may provide information about product quality to consumers and reduce quality uncertainty. Actually, none of price, advertising and intermediaries is reliable to signal product quality. In order to reduce quality uncertainty and improve market efficiency, sellers are responsible to provide adequate information to buyers. Similarly, buyers should inform their preferences and tastes to sellers. My hope is that lemons could be turned into lemonade. en
dc.language.iso en en
dc.subject assymmetrical information en
dc.subject lemons market en
dc.subject intermediaries en
dc.subject internet advertising en
dc.subject e-commerce en
dc.title Quality Uncertainty and Market Efficiency in E-commerce en
dc.identifier.laitoskoodi 711 en
dc.type.ontasot Master's thesis en
dc.type.ontasot Pro gradu fi
dc.type.ontasot Pro gradu sv

Files in this item

Files Description Size Format View/Open
abstract.pdf 49.57Kb PDF View/Open
This item appears in the following Collection(s)

Show simple item record

Search Helda


Advanced Search

Browse

My Account