compliant than individuals are. This drop in compliance is driven by the joint, rather than the individual, liability of team …In today's business environment, team work is omnipresent. But might teams be more prone toward non-compliance with … of teams' compliance behavior. In particular, we disentangle the effect of deciding jointly as a team of two from sharing …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. -- credence goods ; experiment ; liability ; verifiability ; reputation …

Die Ökonomische Theorie des Haftungsrechts kommt zu dem Ergebnis, daß Haftungsregeln unter bestimmten Bedingungen dazu … gentechnologischen Forschung stark diskutiert. Es wird aufgezeigt, daß eine experimentelle Untersuchung der Ökonomischen Theorie des …