laboratory experiment, we show that consumers are generally reluctant to accept expensive treatment recommendations, which is …

Sisyphean task, as theory predicted. Nevertheless, we observe high skilled experts investing significantly less effort in …

We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …

experience. In a laboratory experiment we show that, against our theoretical predictions, this does not lead to a drop in experts …

inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … higher efficiency as long as liability is violated. -- credence goods ; experiment ; liability ; verifiability ; reputation …

We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …