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Reveal it or conceal it : on the value of second opinions in a low-entry-barriers credence goods market
Bindra, Parampreet Christopher; Kerschbamer, Rudolf; … - 2020
. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second …
Persistent link: https://www.econbiz.de/10012220084
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Reveal it or conceal it: on the value of second opinions in a low-entry-barriers credence goods market
Bindra, Parampreet Christopher; Kerschbamer, Rudolf; … - 2020
. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second …
Persistent link: https://www.econbiz.de/10012236955
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Diagnostic uncertainty and insurance coverage in credence goods markets
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2020 - This version: 5 November 2020
lab experiments. Both in theory and in the experiment diagnostic uncertainty increases the rate of incorrect service … provision and leads to less trade, thus reducing efficiency. In theory, insurance also increases the provision of incorrect …
Persistent link: https://www.econbiz.de/10012237208
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Reveal it or conceal it : on the value of second opinions in a low-entry-barriers credence goods market
Bindra, Parampreet Christopher; Kerschbamer, Rudolf; … - 2020
. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second …
Persistent link: https://www.econbiz.de/10012224509
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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
Persistent link: https://www.econbiz.de/10003813049
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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 …
Persistent link: https://www.econbiz.de/10003814341
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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
Persistent link: https://www.econbiz.de/10003880630
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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
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/10010199693
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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/10010207314
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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
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/10010193289