We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …

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 report on an experiment investigating whether the Hayak Hypothesis (Smith, 1982) extends to the long run setting. We …

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 …