Institute of Mathematics and Informatics Bulgarian Academy of Sciences
Citation:
Pliska Studia Mathematica Bulgarica, Vol. 17, No 1, (2005), 27p-38p
Abstract:
In the process of trading, the seller and buyer participate with different initial knowledge about the technical capabilities and about the expected use of the good. This two-side asymmetry affects the success of the negotiation in e -trading. This paper discusses one practical approach to assess information asymmetry and the role of warranty in seller-buyer communication relationship. The presented approach is illustrated with a survey experiment.
