Information Asymmetry as a Computable Listing Metric: A Composite Disclosure Index That Predicts Actual Cross-Border E-Commerce Sales
编号:58
访问权限:仅限参会人
更新:2026-11-10 16:33:51 浏览:10次
Online
摘要
Information asymmetry is the defining friction of cross-border e-commerce (CBEC), yet it is measured almost exclusively through buyer surveys, and the few studies that use actual sales test individual listing cues in-sample. Whether or not one single, directly measurable variable can be used to predict sales of the other, unobserved listings is unknown. This paper builds a Composite Asymmetry Index (CAI) based on seller-controlled disclosures in three aspects: product information, seller credibility, and transaction assurance. The index is validated using the monthly sales of an openly licensed dataset of 2,141 Tmall Global products, by applying heteroskedasticity-consistent regression, ten-fold cross-validation repeated ten times with a resampling-corrected test, and five different weighting and aggregation schemes. The impact of a 1 standard deviation change in the CAI is roughly a 19% decrease in monthly sales, in addition to the price and discount benchmarks and social-proof benchmarks. The index reduces out-of-sample error in 93 of 100 folds, and is as accurate as the four separate cues with three fewer parameters, with a BIC difference of 18.4 points. There is no discernible difference between the sales penalty for experience goods and search goods. The CAI provides a survey-free, auditable, and metricized listing of data for platform analytics.
关键词
Composite indicator,Cross-border e-commerce,Data-driven analytics,Information asymmetry,Predictive validity,Signaling theory
稿件作者
Kannirajalingam T
PERI College of Arts and Science
Selvalakshmi N
Thiagarajar College
Chelladurai C
Virudhunagar Hindu Nadars' Senthikumara Nadar College
Kanagavel N
Virudhunagar Hindu Nadars' Senthikumara Nadar College
发表评论