, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely …We study the effects of reputation and competition in a stylized market for experience goods. If interaction is … information by granting buyers access to all sellers' complete history has, somewhat surprisingly, no effect. On the other hand …

In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients, we study … the effects of medical insurance and competition in the guise of free choice of physician, including observability of … consult more often and physicians overtreat more often than in the baseline condition. Competition decreases overtreatment …

In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients in a … stylized way, we study the effects of medical insurance and competition in the guise of free choice of physician. Medical … physicians overtreat more often than in the baseline condition. Competition decreases overtreatment compared to the baseline and …

We study risk taking on behalf of others in an experiment on a large random sample. The decision makers in our … experiment are facing high-powered incentives to increase the risk on behalf of others through hedged compensation contracts or …