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skill. The model draws on the theory of imperfect diagnosis and explains why hierarchies can be superior to ?lean … Überwachungsfähigkeit zu nutzen. Das Modell nutzt die Theorie imperfekter Diagnosen und erklärt, warum Hierarchien im Vergleich zu ?lean …
Persistent link: https://www.econbiz.de/10008479039
We consider a routing problem for ambulances in a disaster response scenario, in which a large number of injured people require medical aid at the same time. The ambulances are used to carry medical personnel and patients. We distinguish two groups of patients: slightly injured people who can be...
Persistent link: https://www.econbiz.de/10010839916
representatives as useful and how government representatives use input provided by experts. It widens the analytical lens examining …
Persistent link: https://www.econbiz.de/10010988485
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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 …
Persistent link: https://www.econbiz.de/10010889828
The herding of expert opinions is often rationalized as the outcome of social learning. However, experts are typically … delegation of policy-making to experts. …
Persistent link: https://www.econbiz.de/10010903395
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