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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
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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
Persistent link: https://www.econbiz.de/10010211414
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - In: The economic journal : the journal of the Royal … 127 (2017) 599, pp. 1-18
Persistent link: https://www.econbiz.de/10011745761
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Conflict in the pool : a field experiment
Balafoutas, Loukas; Faravelli, Marco; Sheremeta, Roman M. - 2021
Persistent link: https://www.econbiz.de/10012651633
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Incentives for dishonesty : an experimental study with internal auditors
Balafoutas, Loukas; Czermak, Simon; Eulerich, Marc; … - 2017 - This version: 20 April 2017
the nature of provided incentives. We conduct a 'lab in the field' experiment with internal auditors during two large … performance of the unit that they are auditing. We vary incentives in the experiment from individual (piece rate) to competitive … that incentive-based compensation increases dishonest behavior among internal auditors: competitive incentives lead to …
Persistent link: https://www.econbiz.de/10011639592
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Norm enforcement in the city: A natural field experiment
Balafoutas, Loukas; Nikiforakis, Nikos - 2012
Extensive evidence from laboratory experiments indicates that many individuals are willing to use costly punishment to enforce social norms, even in one-shot interactions. However, there appears to be little evidence in the literature of such behavior in the field. We study the propensity to...
Persistent link: https://www.econbiz.de/10010312212
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Norm Enforcement in the city: A natural field experiment
Balafoutas, Loukas; Nikiforakis, Nikos - Department of Economics, Faculty of Business and Economics - 2011
The willingness of individuals to enforce social norms can have important welfare implications. All the experimental evidence on norm enforcement so far comes from laboratory experiments and indicates that many participants are indeed willing to enforce norms, even in one-shot interactions. We...
Persistent link: https://www.econbiz.de/10009371116
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Norm enforcement in the city: A natural field experiment
Balafoutas, Loukas; Nikiforakis, Nikos - In: European Economic Review 56 (2012) 8, pp. 1773-1785
Extensive evidence from laboratory experiments indicates that many individuals are willing to use costly punishment to enforce social norms, even in one-shot interactions. However, there appears to be little evidence in the literature of such behavior in the field. We study the propensity to...
Persistent link: https://www.econbiz.de/10010588201