Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - National Centre for Econometric Research (NCER) - 2012
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...
