Inefficiency and Regulation in Credence Goods Markets with Altruistic Experts
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Gary Charness & Matthew Rabin, 2002.
"Understanding Social Preferences with Simple Tests,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(3), pages 817-869.
- Charness, Gary B & Rabin, Matthew, 2001. "Understanding Social Preferences With Simple Tests," University of California at Santa Barbara, Economics Working Paper Series qt0dc3k4m5, Department of Economics, UC Santa Barbara.
- Charness, Gary & Rabin, Matthew, 2001. "Understanding Social Preferences with Simple Tests," Department of Economics, Working Paper Series qt4qz9k8vg, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Gary Charness & Matthew Rabin, 2003. "Understanding Social Preferences with Simple Tests," General Economics and Teaching 0303002, University Library of Munich, Germany.
- Charness, Gary & Rabin, Matthew, 2002. "Understanding Social Preferences with Simple Tests," Department of Economics, Working Paper Series qt3d04q5sm, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ernst Fehr & Klaus M. Schmidt, 1999.
"A Theory of Fairness, Competition, and Cooperation,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 817-868.
- Fehr, Ernst & Schmidt, Klaus M., . "A theory of fairness, competition, and cooperation," Chapters in Economics,, University of Munich, Department of Economics.
- Ernst Fehr & Klaus M. Schmidt, "undated". "A Theory of Fairness, Competition and Cooperation," IEW - Working Papers 004, Institute for Empirical Research in Economics - University of Zurich.
- Fehr, Ernst & Schmidt, Klaus M., 1999. "A theory of fairness, competition, and cooperation," Munich Reprints in Economics 20650, University of Munich, Department of Economics.
- Fehr, Ernst & Schmidt, Klaus M., 1998. "A Theory of Fairness, Competition and Cooperation," CEPR Discussion Papers 1812, C.E.P.R. Discussion Papers.
- Fabian Herweg & Daniel Muller & Philipp Weinschenk, 2010.
"Binary Payment Schemes: Moral Hazard and Loss Aversion,"
American Economic Review, American Economic Association, vol. 100(5), pages 2451-2477, December.
- Herweg, Fabian & Müller, Daniel & Weinschenk, Philipp, 2010. "Binary payment schemes: Moral hazard and loss aversion," Munich Reprints in Economics 19450, University of Munich, Department of Economics.
- Fabian Herweg & Daniel Müller & Philipp Weinschenk, 2010. "Binary Payment Schemes: Moral Hazard and Loss Aversion," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2010_38, Max Planck Institute for Research on Collective Goods.
- Balafoutas, Loukas & Kerschbamer, Rudolf, 2020.
"Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions,"
Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
- Loukas Balafoutas & Rudolf Kerschbamer, 2020. "Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions," Working Papers 2020-01, Faculty of Economics and Statistics, Universität Innsbruck.
- Chowdhury, Subhasish M. & Jeon, Joo Young, 2014. "Impure altruism or inequality aversion?: An experimental investigation based on income effects," Journal of Public Economics, Elsevier, vol. 118(C), pages 143-150.
- Loukas Balafoutas & Adrian Beck & Rudolf Kerschbamer & Matthias Sutter, 2013.
"What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(3), pages 876-891.
- Loukas Balafoutas & Adrian Beck & Rudolf Kerschbamer & Matthias Sutter, 2011. "What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods," CESifo Working Paper Series 3461, CESifo.
- Loukas Balafoutas & Adrian Beck & Rudolf Kerschbamer & Matthias Sutter, 2011. "What drives taxi drivers? A field experiment on fraud in a market for credence goods," Working Papers 2011-11, Faculty of Economics and Statistics, Universität Innsbruck.
- Balafoutas, Loukas & Beck, Adrian & Kerschbamer, Rudolf & Sutter, Matthias, 2011. "What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods," IZA Discussion Papers 5700, Institute of Labor Economics (IZA).
- Englmaier, Florian & Wambach, Achim, 2010.
"Optimal incentive contracts under inequity aversion,"
Games and Economic Behavior, Elsevier, vol. 69(2), pages 312-328, July.
- Englmaier, Florian & Wambach, Achim, 2005. "Optimal Incentive Contracts under Inequity Aversion," IZA Discussion Papers 1643, Institute of Labor Economics (IZA).
- Englmaier, Florian & Wambach, Achim, 2010. "Optimal incentive contracts under inequity aversion," Munich Reprints in Economics 22027, University of Munich, Department of Economics.
- Botond Kőszegi & Matthew Rabin, 2006.
"A Model of Reference-Dependent Preferences,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(4), pages 1133-1165.
- Koszegi, Botond & Rabin, Matthew, 2004. "A Model of Reference-Dependent Preferences," Department of Economics, Working Paper Series qt0w82b6nm, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Botond Koszegi & Matthew Rabin, 2005. "A Model of Reference-Dependent Preferences," Levine's Bibliography 784828000000000341, UCLA Department of Economics.
- Botond Koszegi & Matthew Rabin, 2004. "A Model of Reference-Dependent Preferences," Method and Hist of Econ Thought 0407001, University Library of Munich, Germany.
- Beck, Adrian & Kerschbamer, Rudolf & Qiu, Jianying & Sutter, Matthias, 2014.
"Car mechanics in the lab––Investigating the behavior of real experts on experimental markets for credence goods,"
Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 166-173.
- Adrian Beck & Rudolf Kerschbamer & Jianying Qiu, & Matthias Sutter, 2009. "Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods," Working Papers 2009-27, Faculty of Economics and Statistics, Universität Innsbruck.
- Adrian Beck & Rudolf Kerschbamer & Jianying Qiu & Matthias Sutter, 2014. "Car mechanics in the lab: investigating the behavior of real experts on experimental markets for credence goods," Economics Working Papers ECO2014/02, European University Institute.
- Adrian Beck & Rudolf Kerschbamer & Jianying Qiu & Matthias Sutter, 2014. "Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods," Working Papers 2014-02, Faculty of Economics and Statistics, Universität Innsbruck.
- Yuk-fai Fong, 2005. "When Do Experts Cheat and Whom Do They Target?," RAND Journal of Economics, The RAND Corporation, vol. 36(1), pages 113-130, Spring.
- Mimra, Wanda & Rasch, Alexander & Waibel, Christian, 2016.
"Price competition and reputation in credence goods markets: Experimental evidence,"
Games and Economic Behavior, Elsevier, vol. 100(C), pages 337-352.
- Wanda Mimra & Alexander Rasch & Christian Waibel, 2013. "Price competition and reputation in credence goods markets: Experimental evidence," CER-ETH Economics working paper series 13/176, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Bartling, Björn & von Siemens, Ferdinand A., 2010.
"The intensity of incentives in firms and markets: Moral hazard with envious agents,"
Labour Economics, Elsevier, vol. 17(3), pages 598-607, June.
- Bartling, Björn & Siemens, Ferdinand von, 2006. "The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents," Discussion Papers in Economics 913, University of Munich, Department of Economics.
- Bartling, Björn & Siemens, Ferdinand von, 2006. "The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 115, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Konow, James, 2010. "Mixed feelings: Theories of and evidence on giving," Journal of Public Economics, Elsevier, vol. 94(3-4), pages 279-297, April.
- Wolfgang Pesendorfer & Asher Wolinsky, 2003.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(2), pages 417-437.
- Wolfgang Pesendorfer & Asher Wolinsky, 1998. "Second Opinions and Price Competition Inefficiency in the Market for Expert Advice," Discussion Papers 1229, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Wolfgang Pesendorfer & Asher Wolinsky, 2000. "Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice," Discussion Papers 1306, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- W. Pesendorfer & A. Wolinsky, 2000. "Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice," Princeton Economic Theory Papers 00s18, Economics Department, Princeton University.
- David Martimort & Lars Stole, 2002.
"The Revelation and Delegation Principles in Common Agency Games,"
Econometrica, Econometric Society, vol. 70(4), pages 1659-1673, July.
- David Martimort & Lars Stole, 2001. "The Revelation and Delegation Principles in Common Agency Games," CESifo Working Paper Series 575, CESifo.
- Noailly, Joëlle & Nahuis, Richard, 2010. "Entry and competition in the Dutch notary profession," International Review of Law and Economics, Elsevier, vol. 30(2), pages 178-185, June.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Catherine Schaumans & Frank Verboven, 2008.
"Entry and regulation: evidence from health care professions,"
RAND Journal of Economics, RAND Corporation, vol. 39(4), pages 949-972, December.
- Verboven, Frank & Schaumans, Catherine, 2006. "Entry and Regulation - Evidence from Health Care Professions," CEPR Discussion Papers 5482, C.E.P.R. Discussion Papers.
- Ernst Fehr & Bettina Rockenbach, 2003.
"Detrimental effects of sanctions on human altruism,"
Nature, Nature, vol. 422(6928), pages 137-140, March.
- Ernst Fehr & Bettina Rockenbach, 2003. "Detrimental effects of sanctions on human altruism," Microeconomics 0305007, University Library of Munich, Germany.
- Andreoni, James, 1989. "Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1447-1458, December.
- Henry S. Schneider, 2012. "Agency Problems and Reputation in Expert Services: Evidence from Auto Repair," Journal of Industrial Economics, Wiley Blackwell, vol. 60(3), pages 406-433, September.
- Axel Ockenfels & Gary E. Bolton, 2000. "ERC: A Theory of Equity, Reciprocity, and Competition," American Economic Review, American Economic Association, vol. 90(1), pages 166-193, March.
- Carpenter, Jeffrey & Verhoogen, Eric & Burks, Stephen, 2005.
"The effect of stakes in distribution experiments,"
Economics Letters, Elsevier, vol. 86(3), pages 393-398, March.
- Jeffrey Carpenter & Eric Verhoogen & Stephen Burks, 2003. "The Effect of Stakes in Distribution Experiments," Middlebury College Working Paper Series 03-28, Middlebury College, Department of Economics.
- Christoph Engel, 2011.
"Dictator games: a meta study,"
Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 583-610, November.
- Christoph Engel, 2010. "Dictator Games: A Meta Study," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2010_07, Max Planck Institute for Research on Collective Goods, revised Jan 2011.
- Alexander Rasch & Christian Waibel, 2018.
"What Drives Fraud in a Credence Goods Market? – Evidence from a Field Study,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 80(3), pages 605-624, June.
- Alexander Rasch & Christian Waibel, 2013. "What drives fraud in a credence goods market? Evidence from a field study," CER-ETH Economics working paper series 13/179, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Rasch, Alexander & Waibel, Christian, 2015. "What drives fraud in a credence goods market? Evidence from a field study," DICE Discussion Papers 180, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Landes, William M & Posner, Richard A, 1978.
"Altruism in Law and Economics,"
American Economic Review, American Economic Association, vol. 68(2), pages 417-421, May.
- William M. Landes & Richard A. Posner, 1977. "Altruism in Law and Economics," NBER Working Papers 0217, National Bureau of Economic Research, Inc.
- Ingela Alger & François Salanié, 2006. "A Theory of Fraud and Overtreatment in Experts Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(4), pages 853-881, December.
- Eckel, Catherine C. & Grossman, Philip J., 1996. "Altruism in Anonymous Dictator Games," Games and Economic Behavior, Elsevier, vol. 16(2), pages 181-191, October.
- Rudolf Kerschbamer & Matthias Sutter & Uwe Dulleck, 2017.
"How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods,"
Economic Journal, Royal Economic Society, vol. 127(600), pages 393-416, March.
- Rudolf Kerschbamer & Matthias Sutter & Uwe Dulleck, 2015. "How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods," Working Papers 2015-04, Faculty of Economics and Statistics, Universität Innsbruck.
- Grossman, Sanford J & Hart, Oliver D, 1983.
"An Analysis of the Principal-Agent Problem,"
Econometrica, Econometric Society, vol. 51(1), pages 7-45, January.
- Sanford Grossman & Oliver Hart, "undated". "An Analysis of the Principal-Agent Problem," Rodney L. White Center for Financial Research Working Papers 15-80, Wharton School Rodney L. White Center for Financial Research.
- Sanford J Grossman & Oliver D Hart, 2001. "An Analysis of the Principal-Agent Problem," Levine's Working Paper Archive 391749000000000339, David K. Levine.
- Florian Englmaier, 2005. "Moral Hazard, Contracts and Social Preferences: A Survey," International Economic Association Series, in: Bina Agarwal & Alessandro Vercelli (ed.), Psychology, Rationality and Economic Behaviour, chapter 6, pages 125-139, Palgrave Macmillan.
- Becker, Gary S, 1976. "Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 817-826, September.
- Ernst Fehr & Urs Fischbacher, 2003.
"The nature of human altruism,"
Nature, Nature, vol. 425(6960), pages 785-791, October.
- Ernst Fehr & Urs Fischbacher, 2004. "The nature of human altruism," Experimental 0402003, University Library of Munich, Germany.
- Rudolf Kerschbamer & Matthias Sutter & Uwe Dulleck, 2017.
"How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods,"
Economic Journal, Royal Economic Society, vol. 127(600), pages 393-416, March.
- Rudolf Kerschbamer & Matthias Sutter & Uwe Dulleck, 2017. "How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods," Economic Journal, Royal Economic Society, vol. 127(600), pages 393-416.
- Rudolf Kerschbamer & Matthias Sutter & Uwe Dulleck, 2015. "How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods," Working Papers 2015-04, Faculty of Economics and Statistics, University of Innsbruck.
- Pitchik, Carolyn & Schotter, Andrew, 1987. "Honesty in a Model of Strategic Information Transmission," American Economic Review, American Economic Association, vol. 77(5), pages 1032-1036, December.
- Uwe Dulleck & Rudolf Kerschbamer & Matthias Sutter, 2011. "The Economics of Credence Goods: An Experiment on the Role of Liability, Verifiability, Reputation, and Competition," American Economic Review, American Economic Association, vol. 101(2), pages 526-555, April.
- Botond Köszegi, 2014. "Behavioral Contract Theory," Journal of Economic Literature, American Economic Association, vol. 52(4), pages 1075-1118, December.
- Smith, Vincent H. & Kehoe, Michael R. & Cremer, Mary E., 1995. "The private provision of public goods: Altruism and voluntary giving," Journal of Public Economics, Elsevier, vol. 58(1), pages 107-126, September.
- Rabin, Matthew, 1993.
"Incorporating Fairness into Game Theory and Economics,"
American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
- Matthew Rabin., 1992. "Incorporating Fairness into Game Theory and Economics," Economics Working Papers 92-199, University of California at Berkeley.
- M. Rabin, 2001. "Incorporating Fairness into Game Theory and Economics," Levine's Working Paper Archive 511, David K. Levine.
- Korenok, Oleg & Millner, Edward L. & Razzolini, Laura, 2012. "Are dictators averse to inequality?," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 543-547.
- James Andreoni & Nikos Nikiforakis & Jan Stoop, 2017. "Are the Rich More Selfish than the Poor, or Do They Just Have More Money? A Natural Field Experiment," NBER Working Papers 23229, National Bureau of Economic Research, Inc.
- James Andreoni & John Miller, 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism," Econometrica, Econometric Society, vol. 70(2), pages 737-753, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Razi Farukh & Anna Kerkhof & Jonas Loebbing, 2020. "Inefficiency and Regulation in Credence Goods Markets with Altruistic Experts," Working Paper Series in Economics 102, University of Cologne, Department of Economics.
- Kandul, Serhiy & Lanz, Bruno & Reins, Evert, 2023.
"Reciprocity and gift exchange in markets for credence goods,"
Games and Economic Behavior, Elsevier, vol. 141(C), pages 52-69.
- Serhiy Kandul & Bruno Lanz & Evert Reins, 2020. "Reciprocity and gift exchange in markets for credence goods," IRENE Working Papers 20-09, IRENE Institute of Economic Research.
- Dominik Erharter, 2012. "Credence goods markets, distributional preferences and the role of institutions," Working Papers 2012-11, Faculty of Economics and Statistics, Universität Innsbruck.
- Balafoutas, Loukas & Kerschbamer, Rudolf, 2020.
"Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions,"
Journal of Behavioral and Experimental Finance, Elsevier, vol. 26(C).
- Loukas Balafoutas & Rudolf Kerschbamer, 2020. "Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions," Working Papers 2020-01, Faculty of Economics and Statistics, Universität Innsbruck.
- Breitmoser, Yves & Vorjohann, Pauline, 2018. "Welfare-Based Altruism," Rationality and Competition Discussion Paper Series 89, CRC TRR 190 Rationality and Competition.
- Liu, Ting & Ma, Ching-to Albert, 2024. "Equilibrium information in credence goods," Games and Economic Behavior, Elsevier, vol. 145(C), pages 84-101.
- Fang Liu & Alexander Rasch & Marco A. Schwarz & Christian Waibel, 2020.
"The role of diagnostic ability in markets for expert services,"
Working Papers
2020-07, Faculty of Economics and Statistics, Universität Innsbruck.
- Fang Liu & Alexander Rasch & Marco Alexander Schwarz & Christian Waibel, 2020. "The Role of Diagnostic Ability in Markets for Expert Services," CESifo Working Paper Series 8704, CESifo.
- Katharina Momsen & Markus Ohndorf, 2022. "Seller Opportunism in Credence Good Markets – The Role of Market Conditions," Working Papers 2022-10, Faculty of Economics and Statistics, Universität Innsbruck.
- Priyodorshi Banerjee & Sujoy Chakravarty, 2021. "Dictator choice and causal attribution of recipient endowment," Indian Economic Review, Springer, vol. 56(2), pages 351-373, December.
- Breitmoser, Yves & Vorjohann, Pauline, 2022. "Fairness-based Altruism," Center for Mathematical Economics Working Papers 666, Center for Mathematical Economics, Bielefeld University.
- Chowdhury, Subhasish M. & Jeon, Joo Young, 2014. "Impure altruism or inequality aversion?: An experimental investigation based on income effects," Journal of Public Economics, Elsevier, vol. 118(C), pages 143-150.
- Theodore Alysandratos & Sotiris Georganas & Matthias Sutter, 2022.
"Reputation vs Selection Effects in Markets with Informational Asymmetries,"
ECONtribute Discussion Papers Series
205, University of Bonn and University of Cologne, Germany.
- Theodore Alysandratos & Sotiris Georganas & Matthias Sutter, 2022. "Reputation vs Selection Effects in Markets with Informational Asymmetries," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2022_08, Max Planck Institute for Research on Collective Goods.
- Alysandratos, Theodore & Georganas, Sotiris & Sutter, Matthias, 2022. "Reputation vs Selection Effects in Markets With Informational Asymmetries," IZA Discussion Papers 15683, Institute of Labor Economics (IZA).
- Gauriot, Romain & Heger, Stephanie A. & Slonim, Robert, 2020.
"Altruism or diminishing marginal utility?,"
Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 24-48.
- Gauriot, Romain & Heger, Stephanie A. & Slonim, Robert, 2018. "Altruism or Diminishing Marginal Utility?," IZA Discussion Papers 11721, Institute of Labor Economics (IZA).
- Kerschbamer, Rudolf & Müller, Daniel, 2020.
"Social preferences and political attitudes: An online experiment on a large heterogeneous sample,"
Journal of Public Economics, Elsevier, vol. 182(C).
- Rudolf Kerschbamer & Daniel Muller, 2017. "Social preferences and political attitudes: An online experiment on a large heterogeneous sample," Working Papers 2017-16, Faculty of Economics and Statistics, Universität Innsbruck.
- Matteo M. Galizzi & Daniel Navarro-Martinez, 2019.
"On the External Validity of Social Preference Games: A Systematic Lab-Field Study,"
Management Science, INFORMS, vol. 65(3), pages 976-1002, March.
- Matteo M. Galizzi & Daniel Navarro Martinez, 2015. "On the external validity of social-preference games: A systematic lab-field study," Economics Working Papers 1462, Department of Economics and Business, Universitat Pompeu Fabra.
- Galizzi, Matteo M. & Navarro-Martínez, Daniel, 2019. "On the external validity of social preference games: a systematic lab-field study," LSE Research Online Documents on Economics 84088, London School of Economics and Political Science, LSE Library.
- Matteo M. Galizzi & Daniel Navarro-Martínez, 2015. "On the External Validity of Social Preference Games: A Systematic Lab-Field Study," Working Papers 802, Barcelona School of Economics.
- Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality Within Three Dimensions [Face au risque, dans le temps, par rapport aux autres : langage et rationalité dans trois dimensions," Post-Print halshs-01651042, HAL.
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2020.
"Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets,"
Discussion Paper Series of the Max Planck Institute for Research on Collective Goods
2020_26, Max Planck Institute for Research on Collective Goods.
- Balafoutas, Loukas & Fornwagner, Helena & Kerschbamer, Rudolf & Sutter, Matthias & Tverdostup, Maryna, 2020. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," IZA Discussion Papers 13848, Institute of Labor Economics (IZA).
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2020. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," CESifo Working Paper Series 8681, CESifo.
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2020. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," ECONtribute Discussion Papers Series 038, University of Bonn and University of Cologne, Germany.
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2020. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," Working Papers 2020-21, Faculty of Economics and Statistics, Universität Innsbruck.
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2023. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," ECONtribute Discussion Papers Series 257, University of Bonn and University of Cologne, Germany.
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2023. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2023_12, Max Planck Institute for Research on Collective Goods.
- Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2023. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," Working Papers 2023-14, Faculty of Economics and Statistics, Universität Innsbruck.
- Angelova, Vera & Regner, Tobias, 2018.
"Can a bonus overcome moral hazard? Experimental evidence from markets for expert services,"
Journal of Economic Behavior & Organization, Elsevier, vol. 154(C), pages 362-378.
- Vera Angelova & Tobias Regner, 2018. "Can a Bonus Overcome Moral Hazard? Experimental Evidence from Markets for Expert Services," Jena Economics Research Papers 2018-009, Friedrich-Schiller-University Jena.
- Mimra, Wanda & Rasch, Alexander & Waibel, Christian, 2016.
"Second opinions in markets for expert services: Experimental evidence,"
Journal of Economic Behavior & Organization, Elsevier, vol. 131(PB), pages 106-125.
- Wanda Mimra & Alexander Rasch & Christian Waibel, 2014. "Second Opinions in Markets for Expert Services: Experimental Evidence," CER-ETH Economics working paper series 14/192, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Korenok, Oleg & Millner, Edward L. & Razzolini, Laura, 2018.
"Taking aversion,"
Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 397-403.
- Korenok Oleg & Edward L. Millner & Laura Razzolini, 2017. "Taking Aversion," Working Papers 1702, VCU School of Business, Department of Economics.
More about this item
Keywords
altruism; asymmetric information; common agency; credence goods; expert services; externality; inefficiency; moral hazard; regulation;All these keywords.
JEL classification:
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-COM-2020-11-23 (Industrial Competition)
- NEP-MIC-2020-11-23 (Microeconomics)
- NEP-UPT-2020-11-23 (Utility Models and Prospect Theory)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:vfsc20:224590. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/vfsocea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.