Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Nationalekonomiska institutionen, Handelshögskolan - 2010
We examine the influence of guilt and trust on the performance of credence goods markets. An expert can make a promise to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert's provision and charging decisions. We argue that the expert's...