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Was beeinflusst den Studienerfolg eines betriebswirtschaftlichen Studiums in Form der erreichten Abschlussnote? Aus der Perspektive der Studierenden, der staatlichen Hochschulpolitik und der Hochschulen sind dabei unterschiedliche Einflussfaktoren von Bedeutung: Die Note der...
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representatives as useful and how government representatives use input provided by experts. It widens the analytical lens examining …
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aspect of the services of experts (e.g., of doctors, lawyers, and accountants), and the role that voluntary pro bono work … might play. Expert services have un- verifiable quality to non-experts and are subject to moral hazard. Experts who cheat … their customers should crowd out experts who do not, resulting in low trust, prestige, and wages. We ask how pro bono work …
Persistent link: https://www.econbiz.de/10010877904
differently than individuals as they rely significantly less on useless outside advice from “experts” and choose the risk …
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The herding of expert opinions is often rationalized as the outcome of social learning. However, experts are typically … delegation of policy-making to experts. …
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We study contractual arrangements that support an efficient use of time in a knowledge-intensive economy in which agents endogenously specialize in either production or consulting. The resulting market for advice is plagued by informational problems, since both the difficulty of the questions...
Persistent link: https://www.econbiz.de/10010945146
This article studies second-degree price-discrimination in markets for credence goods. Such markets are affected by asymmetric informationbecause expert sellers are better informed than their customers about the quality that yields the highest surplus from trade. We show that discrimination...
Persistent link: https://www.econbiz.de/10011019115
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce … "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …
Persistent link: https://www.econbiz.de/10011279266