[{"date_created":"2024-10-16T07:36:56Z","type":"conference","keyword":["Reputation System","Payment as Rating","Multi-Agent Simulation","Lemon Markets"],"oa":"1","publication":"19. Internationale Tagung Wirtschaftsinformatik (WI24)","citation":{"mla":"Ibrahimli, Ulvi, et al. “Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-Agent Simulation on Monetary  Ratings.” <i>19. Internationale Tagung Wirtschaftsinformatik (WI24)</i>, 2024.","ama":"Ibrahimli U, Hemmrich S, Zauke S, Winkelmann A. Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-agent Simulation on Monetary  Ratings. In: <i>19. Internationale Tagung Wirtschaftsinformatik (WI24)</i>. ; 2024.","bibtex":"@inproceedings{Ibrahimli_Hemmrich_Zauke_Winkelmann_2024, title={Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-agent Simulation on Monetary  Ratings}, booktitle={19. Internationale Tagung Wirtschaftsinformatik (WI24)}, author={Ibrahimli, Ulvi and Hemmrich, Simon and Zauke, Simon and Winkelmann, Axel}, year={2024} }","apa":"Ibrahimli, U., Hemmrich, S., Zauke, S., &#38; Winkelmann, A. (2024). Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-agent Simulation on Monetary  Ratings. <i>19. Internationale Tagung Wirtschaftsinformatik (WI24)</i>.","ieee":"U. Ibrahimli, S. Hemmrich, S. Zauke, and A. Winkelmann, “Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-agent Simulation on Monetary  Ratings,” Würzburg, 2024.","chicago":"Ibrahimli, Ulvi, Simon Hemmrich, Simon Zauke, and Axel Winkelmann. “Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-Agent Simulation on Monetary  Ratings.” In <i>19. Internationale Tagung Wirtschaftsinformatik (WI24)</i>, 2024.","short":"U. Ibrahimli, S. Hemmrich, S. Zauke, A. Winkelmann, in: 19. Internationale Tagung Wirtschaftsinformatik (WI24), 2024."},"abstract":[{"text":"Abstract. Business reputation ecosystems are a widely untapped research field. In these ecosystems, agents can selectively exchange (monetary) ratings to in-form about the experienced quality in a market. We build a model for conducting a multi-agent simulation that can be used to simulate and evaluate business rep-utation ecosystems as a new system class. We explore the factual occurring vol-untary payment to create positive (pay) or negative ratings (no pay), selling rat-ings selectively to alleviate information asymmetry, and the workings of counter-ratings to prevent buyers' dishonest ratings. Thereby, we analyze, among others, agent profitability, the occurrence of dishonest ratings, and reputation bias and sensitivity. The results provide simulation-based empirical evidence that the con-cept of monetary reputation systems provides necessary incentives for participa-tion, and high-quality sellers and honest buyers benefit from such a system. The results indicate that counter-ratings prompt buyers","lang":"eng"}],"quality_controlled":"1","main_file_link":[{"open_access":"1","url":"https://www.researchgate.net/publication/382338551_Overcoming_Lemon_Markets_with_Business_Reputation_Ecosystem_-A_Multi-agent_Simulation_on_Monetary_Ratings_Research_Paper"}],"language":[{"iso":"eng"}],"_id":"56636","user_id":"83557","year":"2024","status":"public","title":"Overcoming Lemon Markets with Business Reputation  Ecosystem – A Multi-agent Simulation on Monetary  Ratings","conference":{"location":"Würzburg"},"author":[{"first_name":"Ulvi","last_name":"Ibrahimli","full_name":"Ibrahimli, Ulvi"},{"full_name":"Hemmrich, Simon","last_name":"Hemmrich","first_name":"Simon"},{"full_name":"Zauke, Simon","last_name":"Zauke","first_name":"Simon"},{"last_name":"Winkelmann","first_name":"Axel","full_name":"Winkelmann, Axel"}],"jel":["C30","A12","D4","D82","L14"],"date_updated":"2026-04-02T04:31:53Z","publication_status":"published"}]