Header

UZH-Logo

Maintenance Infos

Buyers of Lemons: Addressing Buyers’ Needs in the Market for Lemons with Blockchain Technology


Zavolokina, Liudmila; Miscione, Gianluca; Schwabe, Gerhard (2019). Buyers of Lemons: Addressing Buyers’ Needs in the Market for Lemons with Blockchain Technology. In: 52nd Hawaii International Conference on System Sciences (HICSS 2019), Maui, Hawaii, 8 January 2019 - 12 January 2019.

Abstract

The automotive market is in the top three markets with the least trust from consumers. In particular, in the second-hand car market, consumers suffer from such problems as the car being in worse condition than initially indicated, accident damage that is not disclosed, fraud, etc. Akerlof, described the market for used cars as an example of the problem of information asymmetries and resulting quality uncertainty. In order to cope with quality uncertainties, used car buyers actively engage themselves in information seeking. Blockchain technology promises to automatize the tracking of cars through their lifecycles and provide reliable information at any point in time it is needed. In our study, we investigate the problems car buyers face during information seeking and propose requirements for the design of a blockchain-based system to address these.

Abstract

The automotive market is in the top three markets with the least trust from consumers. In particular, in the second-hand car market, consumers suffer from such problems as the car being in worse condition than initially indicated, accident damage that is not disclosed, fraud, etc. Akerlof, described the market for used cars as an example of the problem of information asymmetries and resulting quality uncertainty. In order to cope with quality uncertainties, used car buyers actively engage themselves in information seeking. Blockchain technology promises to automatize the tracking of cars through their lifecycles and provide reliable information at any point in time it is needed. In our study, we investigate the problems car buyers face during information seeking and propose requirements for the design of a blockchain-based system to address these.

Statistics

Downloads

107 downloads since deposited on 13 Nov 2018
107 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Conference or Workshop Item (Paper), refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Informatics
Dewey Decimal Classification:000 Computer science, knowledge & systems
Language:English
Event End Date:12 January 2019
Deposited On:13 Nov 2018 17:21
Last Modified:13 Nov 2018 17:31
Publisher:s.n.
OA Status:Green
Other Identification Number:merlin-id:16915

Download

Download PDF  'Buyers of Lemons: Addressing Buyers’ Needs in the Market for Lemons with Blockchain Technology'.
Preview
Content: Published Version
Filetype: PDF
Size: 365kB