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between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as … determinants of trust and trustworthiness in experimental credence goods markets, namely the effect of a health frame (versus a … results reveal that the identity in combination with a health frame has a significant impact on the level of trust shown by a …
Persistent link: https://www.econbiz.de/10012591151
definitions of trust and trustworthiness based on revealed willingness to accept vulnerability and the response to it. …
Persistent link: https://www.econbiz.de/10010406346
The provision of public goods often benefits a larger group than those who actively provide the public good. In an experimental setting, this paper addresses institutional arrangements between subjects who can provide a public good (insiders) and subjects who benefit from the public good but...
Persistent link: https://www.econbiz.de/10011480417
This study presents experimental evidence on the effectiveness of alternative institutional arrangements designed to allow providers of public good services to be subsidized by non-providers. The decision setting is a repeated linear public good game with two groups, insiders and outsiders....
Persistent link: https://www.econbiz.de/10012237201
This paper investigates the impact of monitoring institutions on market outcomes in health care. Health care markets are characterized by asymmetric information. Physicians have an information advantage over patients with respect to the appropriate treatment for the patient and may exploit this...
Persistent link: https://www.econbiz.de/10012314939
We present experimental evidence for decision settings where public good providers compete for endogenous donations offered by outside donors. Donors receive benefits from public good provision but cannot provide the good themselves. The performance of three competition mechanisms is examined in...
Persistent link: https://www.econbiz.de/10012650205
The term greed has become very popular in the public debate. It is regularly argued, for instance, that greed is one of the deep rooted reasons for the financial crisis, numerous incidents of fraud and growing inequalities in wealth. Despite its prominent role in the current debates, however,...
Persistent link: https://www.econbiz.de/10011542288
Contests are meant to attract the best performers and incentivize high effort, however, they may also attract cheaters who try to win via illicit means which crowds out the best performers. We use a laboratory experiment to explore the role of self-selection in contests with a possibility of...
Persistent link: https://www.econbiz.de/10011548973
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
For the trust game, recent models of belief-dependent motivations make opposite predictions regarding the correlation …
Persistent link: https://www.econbiz.de/10011480420