Angerer, Silvia; Glätzle-Rützler, Daniela; Waibel, … - 2020
overcharging. We introduce two types of costly monitoring, endogenous and exogenous. When monitoring detects misbehavior … experiment. Our results show that introducing endogenous monitoring reduces the level of undertreatment and overcharging. Even … monitoring also reduces undertreatment and overcharging when it is performed sufficiently frequently. Market efficiency increases …