The Role of Cybermediaries in the Hotel Market

Nira Yacouel and Aliza Fleischer ()

No 93132, Discussion Papers from Hebrew University of Jerusalem, Department of Agricultural Economics and Management

Abstract: The advent of the Internet changed the way buyers and sellers interact. Although access to information seems unlimited, non-expert agents find it difficult to identify the information they can confidently use. A third-party expert or a cybermediary (an intermediary in the cyberspace) can help sort out the information for the contracting partners. In this paper, we study the case of the online hotel market and the role of the cyber travel agent (CTA). We claim that CTAs encourage hoteliers to exert effort in service quality and provide empirical evidence that these hotels are compensated with a price premium.

Keywords: Agricultural Finance; Institutional and Behavioral Economics (search for similar items in EconPapers)
Pages: 30
Date: 2010
New Economics Papers: this item is included in nep-agr, nep-cta and nep-ict
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/93132/files/nira-aliza.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:huaedp:93132

DOI: 10.22004/ag.econ.93132

Access Statistics for this paper

More papers in Discussion Papers from Hebrew University of Jerusalem, Department of Agricultural Economics and Management Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().