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as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …
Persistent link: https://www.econbiz.de/10010269558
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the …
Persistent link: https://www.econbiz.de/10010271236
, where contractual incompleteness results from asymmetric information on the welfare maximizing quality of the good. We find …
Persistent link: https://www.econbiz.de/10010397185
as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either … ; experiment …
Persistent link: https://www.econbiz.de/10003931304
broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most …
Persistent link: https://www.econbiz.de/10003944278
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the … higher efficiency as long as liability is violated. -- credence goods ; experiment ; liability ; verifiability ; reputation …
Persistent link: https://www.econbiz.de/10009733215
Credence goods, such as car repairs or medical services, are characterized by severe informational asymmetries between sellers and consumers, leading to fraud in the form of provision of insufficient service (undertreatment), provision of unnecessary service (overtreatment) and charging too much...
Persistent link: https://www.econbiz.de/10010237656
as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …
Persistent link: https://www.econbiz.de/10013153013
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the …
Persistent link: https://www.econbiz.de/10012764487
inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the …
Persistent link: https://www.econbiz.de/10012764586