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Second-Degree Moral Hazard in a Real-World Credence Goods Market

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...

Persistent link: https://www.econbiz.de/10010328769

What drives taxi drivers? A field experiment on fraud in a market for credence goods

Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2011

Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to measure different types of fraud and to examine the...

Persistent link: https://www.econbiz.de/10010274989

Credence Goods Markets and the Informational Value of New Media : A Natural Field Experiment

Kerschbamer, Rudolf - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...

Persistent link: https://www.econbiz.de/10012859603

Does laboratory trading mirror behavior in real world markets?: fair bargaining and competitive bidding on EBay

Bolton, Gary E.; Ockenfels, Axel - 2008

We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory … markets. EBay's natural trading system provides bridges between lab and field environment that can be exploited to explore … reputation building in bilateral bargaining, while buyer competition effectively masks this concern and robustly yields …

Persistent link: https://www.econbiz.de/10010264320

Differential performance in high vs. low stakes tests: evidence from the GRE test

Schlosser, Analia; Neeman, Zvika; Attali, Yigal - 2019

We study how different demographic groups respond to incentives by comparing their performance in “high” and “low” stakes situations. The high stakes situation is the GRE examination and the low stakes situation is a voluntary experimental section of the GRE. We find that Males exhibit a...

Persistent link: https://www.econbiz.de/10012018281

More Opportunity, More Cooperation? The Behavioral Effects of Birthright Citizenship on Immigrant Youth

Felfe, Christina; Kocher, Martin G.; Rainer, Helmut; … - 2018

Inequality of opportunity, particularly when overlaid with racial, ethnic, or cultural differences, increases the social distance between individuals, which is widely believed to limit the scope of cooperation. A central question, then, is how to bridge such divides. We study the effects of a...

Persistent link: https://www.econbiz.de/10011872048

Increasing Workplace Diversity: Evidence from a Recruiting Experiment at a Fortune 500 Company

Flory, Jeffrey A.; Leibbrandt, Andreas; Rott, Christina; … - 2018

The persistent lack of workplace diversity in management and leadership may lead to organizational vulnerabilities. White males occupy most high-profile positions in the largest U.S. corporations whereas African Americans, Hispanics, and women are clearly underrepresented in leadership roles....

Persistent link: https://www.econbiz.de/10011872082

Discrimination in the General Population

Angerer, Silvia; Brosch, Hanna; Glätzle-Rützler, Daniela - 2024

We present representative evidence of discrimination against migrants through an incentivized choice experiment with over 2,000 participants. Decision makers allocate a fixed endowment between two receivers. To measure discrimination, we randomly vary receivers' migration background and other...

Persistent link: https://www.econbiz.de/10014574281

Do employers discriminate less if vacancies are difficult to fill? Evidence from a field experiment

Baert, Stijn; Cockx, Bart; Gheyle, Niels; Vandamme, Cora - 2013

We empirically test the relationship between hiring discrimination and labour market tightness at the level of the occupation. To this end, we conduct a correspondence test in the youth labour market. In line with theoretical expectations, we find that, compared to natives, candidates with a...

Persistent link: https://www.econbiz.de/10010291494

Do Minorities Misrepresent Their Ethnicity to Avoid Discrimination?

Kudashvili, Nikoloz; Lergetporer, Philipp - 2019

Discrimination against minorities is pervasive in many societies, but little is known about minorities’ strategies to avoid being discriminated against. In our trust game among 758 high-school students in the country of Georgia, ethnic Georgian trustors discriminate against the ethnic Armenian...

Persistent link: https://www.econbiz.de/10012141062

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