Credence goods markets are characterized by asymmetric information concerning the needed and/or provided quality between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as trustworthiness on the side of the expert. However, a great...

This paper investigates the impact of monitoring institutions on market outcomes in health care. Health care markets are characterized by asymmetric information. Physicians have an information advantage over patients with respect to the appropriate treatment for the patient and may exploit this...

Credence goods markets are characterized by asymmetric information concerning the needed and/or provided quality between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as trustworthiness on the side of the expert. However, a great...

Credence goods markets are characterized by asymmetric information concerning the needed and/or provided quality between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as trustworthiness on the side of the expert. However, a great...

In this paper, we experimentally investigate the effect of reputation and feedback on market outcomes in healthcare markets. Healthcare markets are characterized by asymmetric information between physicians and patients. Physicians have an information advantage over patients with respect to the...

Credence goods markets heavily rely on trust on the side of the consumer as well as trustworthiness on the side of the expert. In this paper, we study two determinants of trust and trustworthiness in experimental credence goods markets, namely the effect of a health frame as well as the identity...

Diese Dissertation enthält fünf Studien zur Entwicklung ökonomischen Entscheidungsverhaltens von mehr als 1.000 Kindern im Alter von sechs bis elf Jahren in der zweisprachigen Stadt Meran. Mit Hilfe experimenteller Methoden untersuchen wir die Entwicklung von Geduld, Risikoeinstellung,...

The study investigates taste-based discrimination in early childhood in two distinct group domains, gender and preschool groups and two countries, Russia and Uzbekistan, using a framed field experiment with more than 500 preschool children aged three to seven years. Replicating Bindra et al....

Contests are meant to attract the best performers and incentivize high effort, however, they may also attract cheaters who try to win via illicit means which crowds out the best performers. We use a laboratory experiment to explore the role of self-selection in contests with a possibility of...