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The Impact of Distributional Preferences on (Experimental) Markets for Expert Services
Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2009
, verifiability fails to yield efficiency in experiments with endogenous prices. We identify heterogeneous distributional preferences … as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …
Persistent link: https://www.econbiz.de/10010294825
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10010294835
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Trust in health care credence goods: Experimental evidence on framing and subject pool effects
Angerer, Silvia; Glätzle-Rützler, Daniela; Waibel, … - 2021
between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as … behavior of experts, however, is not significantly influenced by the health care framing, nor by the subject pool. …
Persistent link: https://www.econbiz.de/10012614675
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Building trust : one gift at a time
Servátka, Maroš; Tucker, Steven James; Vadovič, Radovan - In: Games 2 (2011) 4, pp. 412-433
This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our explorations in the standard version of the investment game. Our gift treatment includes a dictator stage in which the trustee decides whether to give a gift to the trustor before both of...
Persistent link: https://www.econbiz.de/10009752900
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Building trust: One gift at a time
Servátka, Maroés; Tucker, Steven; Vadoviéc, Radovan - In: Games 2 (2011) 4, pp. 412-433
This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our explorations in the standard version of the investment game. Our gift treatment includes a dictator stage in which the trustee decides whether to give a gift to the trustor before both of...
Persistent link: https://www.econbiz.de/10010369413
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Unraveling results from comparable demand and supply : an experimental investigation
Niederle, Muriel; Roth, Alvin E.; Ünver, Utku - In: Games 4 (2013) 2, pp. 243-282
Markets sometimes unravel, with offers becoming inefficiently early. Often this is attributed to competition arising from an imbalance of demand and supply, typically excess demand for workers. However this presents a puzzle, since unraveling can only occur when firms are willing to make early...
Persistent link: https://www.econbiz.de/10009785461
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Building Trust—One Gift at a Time
Servátka, Maroš; Tucker, Steven; Vadovič, Radovan - In: Games 2 (2011) 4, pp. 412-433
This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our explorations in the standard version of the investment game. Our gift treatment includes a dictator stage in which the trustee decides whether to give a gift to the trustor before both of...
Persistent link: https://www.econbiz.de/10009318026