Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods

We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training.

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Year of publication:	2009
Authors:	Beck, Adrian ; Kerschbamer, Rudolf ; Qiu, Jianying ; Sutter, Matthias
Publisher:	Innsbruck : University of Innsbruck, Department of Public Finance
Subject:	Nichtkooperatives Spiel \| Kraftfahrzeugtechnische Berufe \| Studierende \| Asymmetrische Information \| Test \| Artefactual field experiment \| Car mechanics \| Credence goods

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Series:	Working Papers in Economics and Statistics ; 2009-27
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	744049601 [GVK] hdl:10419/73491 [Handle] RePEc:inn:wpaper:2009-27 [RePEc]
Classification:	C91 - Laboratory, Individual Behavior ; D82 - Asymmetric and Private Information ; C72 - Noncooperative Games
Source:	EconStor

Persistent link: https://www.econbiz.de/10010294779