Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - In: American Economic Review 101 (2011) 2, pp. 526-55
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 breakdown. We study in a large experiment with 936 participants the determinants for efficiency in credence goods...