Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2009 - This Version: 14. December 2009
Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and …, verifiability fails to yield efficiency in experiments with endogenous prices. We identify heterogeneous distributional preferences … institutional design and agent selection in credence goods markets. -- distributional preferences ; credence goods ; verifiability …