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We design a novel insurance advice mechanism aimed at promoting trust and cooperation in markets with asymmetric information. In a buyer-seller game, sellers are given the option to advise buyers on whether to purchase third-party insurance against the potential losses from the opportunistic...
Persistent link: https://www.econbiz.de/10013218362
Persistent link: https://www.econbiz.de/10013453833
We design and test a novel insurance advice mechanism aimed at promoting trust and cooperation in markets with asymmetric information. In a buyer-seller game, sellers are given the option to advise buyers on whether to purchase third-party insurance against the potential losses from the...
Persistent link: https://www.econbiz.de/10013298057
Persistent link: https://www.econbiz.de/10014461368
Persistent link: https://www.econbiz.de/10013556865