This paper investigates the impact of four key economic variables on an expert firm’s incentive to defraud its … customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its …

This paper investigates the impact of four key economic variables on an expert firm's incentive to defraud its … customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its …

to defraud his customers when the expert can build up reputation. We show that the level of fraud is significantly higher … customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how … intensity of price competition and the level of customer information about past expert behavior influence an expert’s incentive …

to defraud his customers when the expert can build up reputation. We show that the level of fraud is significantly higher … customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how … intensity of price competition and the level of customer information about past expert behavior influence an expert’s incentive …

This paper investigates the impact of four key economic variables on an expert firm's incentive to defraud its … customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its …

This paper investigates the impact of four key economic variables on an expert firm’s incentive to defraud its … customers in a credence goods market: the level of competition, the expert firm’s financial situation, its competence, and its …

This paper investigates the impact of four key economic variables on an expert firm's incentive to defraud its … customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its …

This paper investigates the impact of four key economic variables on an expert firm's incentive to defraud its … customers in a credence goods market: the level of competition, the expert firm's financial situation, its competence, and its …

trustworthiness on the side of the expert. However, a great amount of empirical and experimental papers document for a range of … different credence goods markets the existence of over-, undertreatment, and overcharging. In this paper, we study two … neutral frame) as well as the identity of the expert (being either a standard student subject or a prospective physician). Our …

-42, 2006). We consider various markets for credence goods and briefly discuss evidence on the extent of fraud. We then review …