Peer-to-Peer Markets

“Third, the CEM method is a proven approach which is broadly adopted by many other IS works [e.g., 23, 83].”

“…literature on digital platforms and the sharing economy and the gig economy, which studies how technological change affects resource allocation, asset utilization, and labor supply flexibility (e.g. Einav et al., 2016; Zervas et al., 2017; Coyle, 2019; Chen et al., 2019; Farronato & Fradkin, 2022).”

“The system described in this paper is part of a 2026 pro-side marketplace redesign that replaces rigid binary targeting defined through structured Q&A with probabilistic matching driven by a structured provider-side preference taxonomy [4].”

“Einav et al. (2016) find that online markets exhibit stronger price sensitivity due to transparency and ease of comparison.”

“Online marketplaces reduce search and transaction costs and rely heavily on reputation mechanisms to build trust between anonymous traders (Einav, Farronato, and Levin 2016; Tadelis 2016).”

“…pricing’s effect on inequality (Zhang Article submitted to ; manuscript no. et al. 2021), assess the impact of platform design on economic outcomes (Einav et al. 2016), improve experimental sensitivity (Deng et al. 2013), and advance the evaluation of targeting policies (Simester et al. 2020).”

“Literature [10] points out that P2P transactions mainly adopt two mechanisms: two-way auction and game theory-based trading.”

“Research on peer- to-peer and on-demand platforms highlights that contractual and pricing arrangements are central institutional features that influence participation, performance, and exchange efficiency (Einav et al. 2016; Taylor 2018).”

“Like many other two-sided transaction platforms, ride-sharing platforms leverage a range of technology that significantly improves market efficiency by optimizing matching processes and resource allocation (Einav et al. (2016)).”

“Moreover, the platforms can facilitate market penetration for restaurants by reducing transaction barriers and search frictions, particularly in competitive urban markets (Einav et al., 2016; Zhu & Iansiti, 2012).”

“…markets (Armstrong, 2006; Parker and Van Alstyne, 2005; Rochet and Tirole, 2006) and the literature on peer-to-peer matching platforms (Benjaafar and Hu, 2020; Cramer and Krueger, 2016; Einav et al., 2016) with a focus on ride-hailing (Chakravarty, 2021; Naumov and Keith, 2022; Wang et al., 2019).”

“Einav et al. (2016) show that the peer-to-peer model makes it easier for owners to find renters.”

“Indeed, empirical studies find that under quality uncertainty, buyers lean heavily on brand or reputation cues and are willing to pay price premiums for trusted sources (Tadelis, 2016; Einav et al., 2016; Li et al., 2020a).”

“Research on platform markets underscores that market design and governance choices—pricing, matching and trust mechanisms—interact with public regulation in ways that shape participation and outcomes for small sellers and consumers alike (Einav et al., 2016).”

“Sharing economy platforms enable private citizens to offer various services, such as accommodation (e.g., Airbnb, Couchsurfing) or transportation (e.g., Uber, BlaBlaCar; Einav et al. 2016).”

“…studies examine how P2P sharing changes consumer behavior (e.g., Bai et al., 2019; Benjaafar et al., 2019; Bimpikis et al., 2019; Cachon et al., 2017; Castillo et al., 2017; Einav et al., 2016; Filippas et al., 2020; Gal-Or, 2018, 2021; Guda and Subramanian, 2019; Taylor, 2018; Weber, 2014).”

“Lastly, centralized marketplaces frequently result in deficiencies such as lock-in effects and market barriers [1, 2].. Buyers and sellers who rely on intermediaries may suffer disadvantages if their goals do not align with those of the intermediaries [3–5].”

“One of the most common features of online peer-to-peer market places is that the platform frequently does little up-front screening or certification and instead tries to maintain quality by using reputation and feedback mechanisms (Einav et al., 2016).”

“There are currently two main trading mechanisms used in the P2P trading market [5].”

“Today’s P2P trading market uses two main trading mechanisms [3].”

“While some negative dimensions have prompted considerable dialogue about how to regulate peer-to-peer sharing platforms (Einav et al., 2016), quantifying the potential gains of a ridesharing platform would help generate welfare-enhancing policies for both regulators and firm managers.”

“Besides the reducing of transaction cost, the peer to peer market contributes to design market in matching buyer and seller, pricing mechanisms and trust and reputatio [7].”

“For more on online workplaces, see Pallais (2014), Pallais and Sands (2016), and Einav, Farronato, and Levin (2016).”

“On P2P market-places, resale prices are determined endogenously through interactions between prospective sellers and buyers [4].”

“Similarly, the market for counterfeit reviews may be particularly harmful to users, as it erodes the long-term trust in the review and reputation system, which is crucial for the platform ecosystem to flourish (Einav et al., 2016; He et al., 2021; Tadelis, 2016).”

“When buyers want the convenience of finding sellers and they are involved in a transaction that is comfortable and trustworthy, that's when the main function of the market becomes very meaningful [8].”

“As we mentioned above, the development of ICTs have a crucial role in the emergence of sharing economy; they enable a direct and immediate connection between service providers and users (BÁLINT–TRÓCSÁNYI 2016, EINAV et al. 2016, MELEO et al. 2016).”