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as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …
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This paper considers the micro-econometric analysis of patients' hospital choice for elective medical procedures when their choice set is pre-selected by a general practitioner (GP). It proposes a two-stage choice model that encompasses both, patient and GP level optimization, and it discusses...
Persistent link: https://www.econbiz.de/10011562598
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...
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The study of bureaucracies and their relationship to political actors is central to understanding the policy process in the United States. Studying this aspect of American politics is difficult because theories of agency behavior, effectiveness, and control often require measures of...
Persistent link: https://www.econbiz.de/10013151492
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
We study optimal direct mechanisms for a credence goods expert who can be altruistic or spiteful. The expert has private information about her distributional preferences and possibly also about her customer's needs. We introduce a method that allows the customer to offer separate contracts to...
Persistent link: https://www.econbiz.de/10010193284