experiment. Our results show that introducing endogenous monitoring reduces the level of undertreatment and overcharging. Even … monitoring also reduces undertreatment and overcharging when it is performed sufficiently frequently. Market efficiency increases … overcharging. We introduce two types of costly monitoring, endogenous and exogenous. When monitoring detects misbehavior …

outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call … economically important and statistically significant positive effect on the likelihood of overcharging, with passengers in that …

outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call … economically important and statistically significant positive effect on the likelihood of overcharging, with passengers in that …

outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call … economically important and statistically significant positive effect on the likelihood of overcharging, with passengers in that …

different credence goods markets the existence of over-, undertreatment, and overcharging. In this paper, we study two …

In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients, we study … consult more often and physicians overtreat more often than in the baseline condition. Competition decreases overtreatment … physicians' market shares. Medical treatment is an example of a credence good: only the physician knows the appropriate treatment …

In a laboratory experiment designed to capture key aspects of the interaction between physicians and patients in a … physicians overtreat more often than in the baseline condition. Competition decreases overtreatment compared to the baseline and … adverse effects of insurance: most patients seek treatment, but overtreatment is moderated. …