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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020
framework. We test the model’s predictions in a laboratory experiment. Both in theory and in the experiment diagnostic … net effect on welfare. In the experiment, the net effect of insurance coverage on efficiency turns out to be positive. We … and customers are prone to fraudulent behavior of sellers and resulting market inefficiencies. We present the first model …
Persistent link: https://www.econbiz.de/10012312079
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Insurance in a market for credence goods
Sülzle, Kai; Wambach, Achim - 2002
We study the impact of insurance on the amount of fraud in a physician-patient relationship. In a market for credence goods, where prices are regulated by an authority, physicians act as experts. Due to their informational advantage, physicians have an incentive to cheat by inducing...
Persistent link: https://www.econbiz.de/10011409200
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call …
Persistent link: https://www.econbiz.de/10010199693
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Credence goods markets and the informational value of new media : a natural field experiment
Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019
’ reviews on social media platforms in search for trustworthy sellers. We present a natural field experiment that examines the …
Persistent link: https://www.econbiz.de/10012120255
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Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap
Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021
to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …
Persistent link: https://www.econbiz.de/10012694052
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Optimal and fair prizing in sequential round-robin tournaments : experimental evidence
Lauber, Arne; March, Christoph; Sahm, Marco - 2022
We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how …
Persistent link: https://www.econbiz.de/10013167956
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Cross-game learning and cognitive ability in auctions
Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10012668312
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Cheating in labour markets
Drouvelis, Michalis; Kocher, Martin - 2021
Our results from a laboratory experiment offer new evidence for the detrimental effects that cheating behaviour in the …
Persistent link: https://www.econbiz.de/10012486435
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Spite vs. risk : explaining overbidding
Kirchkamp, Oliver; Mill, Wladislaw - 2019
In this paper we use an experiment to compare a theory of risk aversion and a theory of spite as an explanation for …
Persistent link: https://www.econbiz.de/10012002983
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Conditional cooperation and the effect of punishment
Kirchkamp, Oliver; Mill, Wladislaw - 2018
We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish others. In particular, we disentangle the decision to be a...
Persistent link: https://www.econbiz.de/10011864590