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Social interaction effects : the impact of distributional preferences on risky choices
Gantner, Anita; Kerschbamer, Rudolf - In: Journal of risk and uncertainty : JRU 56 (2018) 2, pp. 141-164
Persistent link: https://www.econbiz.de/10012022865
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Incentives vs. selection in promotion tournaments : can a designer kill two birds with one stone?
Höchtl, Wolfgang; Kerschbamer, Rudolf; Stracke, Rudi; … - 2011
This paper studies the performance of promotion tournaments with heterogeneous participants in two dimensions … theoretical findings, indicating that the optimal design of promotion tournaments crucially depends on the objectives of the … tournament designer. These findings have important implications for the optimal design of promotion tournaments in organizations …
Persistent link: https://www.econbiz.de/10009308037
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Heterogeneity in rent-seeking contests with multiple stages : theory and experimental evidence
Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - 2013
This paper investigates how heterogeneity in contestants ́investment costs affects the competition intensity in a dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition intensity in homogeneous interactions. Relative cost...
Persistent link: https://www.econbiz.de/10010199750
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 3 October 2023
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014382489
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 3 October 2023
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014391609
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Serving consumers in an uncertain world : a credence goods experiment
Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf - 2023 - This version: 30 September 2023
Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by...
Persistent link: https://www.econbiz.de/10014373468
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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
field experiment in the market for computer repairs. We find that revealing a second opinion from another expert to the …
Persistent link: https://www.econbiz.de/10012269649
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the …
Persistent link: https://www.econbiz.de/10005822832
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Fairness and Efficiency in a Subjective Claims Problem
Gantner, Anita; Kerschbamer, Rudolf - Institut für Finanzwissenschaft, Fakultät für … - 2013
In a subjective claims problem several agents have contributed to the production of a cake which is to be divided among them. Since contributions are difficult to compare and the production function is nonlinear, agents'subjective evaluations of claims are likely to be conflicting. In a...
Persistent link: https://www.econbiz.de/10010700900
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Heterogeneity in Rent-Seeking Contests with Multiple Stages: Theory and Experimental Evidence
Hörtnagl, Tanja; Kerschbamer, Rudolf; Stracke, Rudi; … - CESifo - 2013
This paper investigates how heterogeneity in contestants’ investment costs affects the competition intensity in a dynamic elimination contest. Theory predicts that the absolute level of investment costs has no effect on the competition intensity in homogeneous interactions. Relative cost...
Persistent link: https://www.econbiz.de/10010701084