Helios Herrera

interaction seminar

Helios Herrera

University of Warwick
The market for product reviews
Lieu

IBD Salle 16

Îlot Bernard du Bois - Salle 16

AMU - AMSE
5-9 boulevard Maurice Bourdet
13001 Marseille

Date(s)
Jeudi 23 mai 2019| 12:00 - 13:15
Contact(s)

Mathieu Faure : mathieu.faure[at]univ-amu.fr
Gaëtan Fournier : gaetan.fournier[at]univ-amu.fr

Résumé

We propose a model of product reviews with honest and fake reviews inorder to study the value of information provided on platforms like TripAdvisor,Yelp, etc. In every period, a review is posted which is either honest, i.e., itreveals the reviewerís true experience with the product/service, or fake, i.e., itis fabricated in order to manipulate the publicís beliefs. We establish that theequilibrium is unique and derive a number of robust and interesting results.While fake agents are able to manipulate the publicís beliefs, aggregation ofinformation takes place as long as some of the reviews are honest.

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