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Persistent link: https://www.econbiz.de/10003474005
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumerś problem. This involves moral hazard because diagnosis effort and...
Persistent link: https://www.econbiz.de/10010429934
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumer's problem. This involves moral hazard because diagnosis effort and...
Persistent link: https://www.econbiz.de/10010436207
We study contracting between a consumer and an expert. The expert can invest in diagnosis to obtain a noisy signal about whether a low-cost service is sufficient or whether a high-cost treatment is required to solve the consumer's problem. This involves moral hazard because diagnosis effort and...
Persistent link: https://www.econbiz.de/10010436518
Persistent link: https://www.econbiz.de/10009508414
of study. These differences can in most cases be attributed to self-selection. A notable exception is economics. Even … though self-selection is also important, training in economics has an unambiguous influence on the political attitudes: by … the time of graduation, economics students are about 6.2 percentage points more likely than they were as freshmen to agree …
Persistent link: https://www.econbiz.de/10011346275
economics) at the University of the German Federal Armed Forces. We find that significantly more economics than noneconomics … students judge price increases as fair. Moreover, this tendency strengthens as economics students advance in their studies. In … addition, fewer advanced economics students judge allocation through the local community as fair when compared to first …
Persistent link: https://www.econbiz.de/10001789442