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User-contributed or crowd-sourced information is becoming increasingly common. In this paper, we consider the specific case of participatory sensing whereby people contribute information captured by sensors, typically those on a smartphone, and share the information with others. We propose a new metric called quality of contributed service (QCS) which characterizes the information quality and timeliness of a specific real-time sensed quantity achieved in a participatory manner. Participatory sensing has the problem that contributions are sporadic and infrequent. To overcome this, we formulate a market-based framework for participatory sensing with plausible models of the market participants comprising data contributors, service consumers and a service provider. We analyze the market equilibrium and obtain a closed form expression for the resulting QCS at market equilibrium. Next, we examine the effects of …