Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2009
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market break-down. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...