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Obradovits, Martin; Plaickner, hilipp - 2020

our model, an expert enjoys monopoly power on diagnosis and major treatments, but has limited market power on minor … treatments due to fringe competition. The expert's treatment offer only gets revealed to consumers upon visit, and both searching … the expert and fringe firms is costly. For search costs that are not excessively high, in equilibrium the expert …

Persistent link: https://www.econbiz.de/10012242146

Second opinions in markets for expert services : experimental evidence

Mimra, Wanda; Rasch, Alexander; Waibel, Christian - 2016

We experimentally investigate the role of second opinions in markets where experts like doctors both diagnose and provide the services. Experts may exploit their informational advantage over customers and overtreat by providing a more costly and expensive treatment than necessary. We show that...

Persistent link: https://www.econbiz.de/10011793524

Credence goods markets and the informational value of new media : a natural field experiment

Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers …

Persistent link: https://www.econbiz.de/10011980932

Credence goods markets and the informational value of new media : a natural field experiment

Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers …

Persistent link: https://www.econbiz.de/10011985996

Credence goods markets and the informational value of new media : a natural field experiment

Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers …

Persistent link: https://www.econbiz.de/10011988274

Credence goods markets and the informational value of new media : a natural field experiment

Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers …

Persistent link: https://www.econbiz.de/10012120255

Seller opportunism in credence good markets : the role of market conditions

Momsen, Katharina; Ohndorf, Markus - 2022

We report the results of an experiment to systematically investigate the influence of different settings in credence good markets on opportunism in the sellers' decisions. We find that, as predicted by a cognitive dissonance model, the specific choice of the design features might be less...

Persistent link: https://www.econbiz.de/10013274264