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Sustainability 2018, 10(9), 3130; https://doi.org/10.3390/su10093130

Fraud, Economic versus Social-Psychological Losses, and Sustainable E-Auction

1
Business School, Huaiyin Institute of Technology, Huaian 223001, China
2
Department of Business Administration, Cheng Shiu University, Kaohsiung 833, Taiwan
3
Postgraduate Program in Management, I-Shou University, Kaohsiung 840, Taiwan
4
Nan Jehn Gas Co. Ltd., Kaohsiung 833, Taiwan
*
Author to whom correspondence should be addressed.
Received: 3 August 2018 / Revised: 28 August 2018 / Accepted: 28 August 2018 / Published: 3 September 2018
(This article belongs to the Special Issue Sustainability in E-Business)
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Abstract

As compared to the economic losses, social and psychological losses are of equal importance in discussing the losses when encountering fraud. Taking advantage of a perspective paper form (i.e., free writing style with a mix of description, analysis, and comments) with in-depth discussions and well-developed propositions, we combine considerations from the knowledge gap, platform quality, and risk management to discuss the comparative seriousness of different fraud-caused losses. The conceptual model mainly articulates on a series of relationships among different degrees of knowledge gap, platform quality, and risk management in predicting the various combinative losses in the economic, social, and psychological aspects. Propositions follow. First, when the knowledge gap is higher, the economic losses of being cheated on the internet will be higher, while lower in social and psychological losses. Second, when perceived platform quality is higher, the economic losses of being cheated on the internet will be lower, while higher in social and psychological losses. Third, when platform risk management is better, all aspects of being cheated on the internet will be lower. Based on the assumption of network externality, we also argue that the multiple dimensions of fraud-caused losses may damage e-auction sustainability. Theoretical and practical implications will be discussed. View Full-Text
Keywords: economic vs. social-psychological losses; internet fraud; e-auction; knowledge gap; platform quality; risk management economic vs. social-psychological losses; internet fraud; e-auction; knowledge gap; platform quality; risk management
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
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Zhang, X.; Tsai, F.-S.; Lin, C.-C.; Cheng, Y.-F.; Lu, K.-H. Fraud, Economic versus Social-Psychological Losses, and Sustainable E-Auction. Sustainability 2018, 10, 3130.

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