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Trust in health care credence goods: Experimental evidence on framing and subject pool effects

Angerer, Silvia; Glätzle-Rützler, Daniela; Waibel, … - 2021

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...

Persistent link: https://www.econbiz.de/10012614675

Expert qualification in markets for expert services: A Sisyphean Task?

Schneider, Tim; Bizer, Kilian - 2017

Moral hazard in expert diagnoses is more complicated in credence goods markets because ex-post verification of service optimality is usually not possible. We provide an experimental framework to investigate expert and consumer behavior as well as market efficiency in a setting in which experts...

Persistent link: https://www.econbiz.de/10011730705

The Value of Rating Systems in Healthcare Credence Goods Markets

Angerer, Silvia; Glätzle-Rützle, Daniela; … - 2021

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...

Persistent link: https://www.econbiz.de/10013314268

The Good, the Bad and the Naive: Do fair prices signal good types or do they induce good behaviour?

Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - National Centre for Econometric Research (NCER) - 2012

"good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model’s predictions and show that causality goes from good experts to fair …

Persistent link: https://www.econbiz.de/10010545814

The Good, the Bad and the Naive: Do fair prices signal good types or do they induce good behaviour?

Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - National Centre for Econometric Research (NCER) - 2012

"good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …

Persistent link: https://www.econbiz.de/10010550933

Agent Sorting by Incentive Systems in Mission Firms : Implications for Health Care and Other Credence Goods Markets

Green, Ellen; Kloosterman, Andrew - 2019

therefore likely play a significant role in determining the quantity and quality of labor supply. We use a model of expert …' decisions to enter mission firms with credence goods and the performance of the firm thereafter. The model demonstrates that … highly mission motivated and thereby, increase industry performance. To test the model’s ability to predict the marginal …

Persistent link: https://www.econbiz.de/10014102970

Quality Ambiguity and the Market Mechanism for Credence Goods

Benner, Dietrich - 2004

post -. Trust has to replace own examination and verification. Applying Choquet-Expected Utility theory, a general model of … uncertainty on the ?market for lemons? of Akerlof (1970) to ?quality ambiguity? with credence goods. The model shows the market …

Persistent link: https://www.econbiz.de/10011375016