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This paper investigates the impact of four key economic variables on an expert firm’s incentive to defraud its customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its reputational concerns. We use and complement the...
Persistent link: https://www.econbiz.de/10009754791
Der aktuelle Rechtsstreit zwischen Ritter Sport und der Stiftung Warentest beschädigt beide Parteien. Verliert das Testsiegel an Glaubwürdigkeit, wird es für Produzenten qualitativ hochwertiger Waren schwieriger, ihren Reservationspreis durchzusetzen. Das kann langfristig zu einer...
Persistent link: https://www.econbiz.de/10010258349
Insurance markets are characterized by profound market imperfections. Insurance intermediaries reduce transaction costs … and information asymmetries. From transaction cost economics, agency theory, and law and economics literature the …
Persistent link: https://www.econbiz.de/10011540096
This paper investigates the impact of four key economic variables on an expert firm's incentive to defraud its customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its reputational concerns. We use and complement the dataset...
Persistent link: https://www.econbiz.de/10010507685
Die Europäische Kommission unterstützt die Entwicklung und Nutzung von Datenschutz-Gütesiegeln. Diese sollen die Konformität von Produkten und Dienstleistungen mit Datenschutzregeln zertifizieren und Verbrauchern Produktauswahl und -vergleiche erleichtern. In Deutschland plant die...
Persistent link: https://www.econbiz.de/10009615885
Many countries have introduced Energy Performance Certificates (EPCs) to mitigate information asymmetry problems with respect to the thermal quality of houses. Using data on real estate advertisements that cover large parts of the German housing market, this paper empirically investigates the...
Persistent link: https://www.econbiz.de/10012936000
Many countries have introduced Energy Performance Certificates to mitigate the information asymmetry with respect to the thermal quality of houses. Drawing on a stylized theoretical model that is coupled with comprehensive data on real estate advertisements in the German housing market, this...
Persistent link: https://www.econbiz.de/10011722645
This study was prepared by Annika B. Bergbauer while she was working at the Ifo Center for the Economics of Education. It was completed in March 2019 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in July 2019. It consists of four self-contained...
Persistent link: https://www.econbiz.de/10012054525
Die Krise der Medienindustrie ist im wesentlichen eine Krise des Werbemarktes. Angesichts eines Beitrages der Werbung …The current crisis of the media industry is a consequence of poor revenues from the advertising market. Actually …, advertising revenues are contributing more than 60% to the total revenues of German mass media, thus dominating the economic …
Persistent link: https://www.econbiz.de/10010263015
Persistent link: https://www.econbiz.de/10000678101