We examine the delegation behavior among Australian heterosexual couples aged 60 years and above using an incentivized experiment which requires participants to complete a series of ten financial decision-making tasks independently or delegate to their spouse. There is evidence of a strong...

We examine delegation of financial decision-making in Australian couples aged 60 years and above. Men show extremely low likelihood of delegating to their spouse. The odds of women delegating to their husbands are nearly 25 times higher than that of men delegating to their wives. This gender...

Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to 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...

Increasing the tax compliance of self-employed business owners (particularly of tradespecific service providers) remains an ongoing challenge for tax authorities. From a compliance point of view, cash transactions are particularly problematic when services are paid for on the spot, as such...

Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...