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This article presents a synthesis of knowledge about safety management procedures for critical infrastructure (CI) in the context of risk management theory and the provisions of the Polish law on emergency management of 26 April 2007. In this paper, the inadequacy of the accepted procedures at...
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possible. However, inefficient equilibria can also exist. If, in equilibrium, experts provide diagnosis-independent treatments …
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In credence goods markets, experts have better information about the appropriate quality of treatment than their customers. Experts may exploit their informational advantage by defrauding customers. Market institutions have been shown theoretically to be effective in mitigating fraudulent expert...
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