This Paper studies the consequences of price discrimination in a market for experts’ services. In the case of experts …

that the equilibrium behaviour of experts and consumers in credence goods markets sensitively depends on the details of the …

technically unfeasible or does not respond to a genuine customer need. To screen good ideas the entrepreneur needs to hire experts … complementary. In such cases the entrepreneur can form a partnership with the experts. Yet very valuable ideas cannot be shared …

This paper studies price competition between experts and discounters in a market for credence goods. While experts can … giving any advice. The unobservability of diagnosis effort induces experts to use their tariffs as signaling devices. This … makes them vulnerable to competition by discounters. We explore the conditions under which experts survive competition by …

fiscal policy and reject the hypothesized value of the multiplier. In some cases, autocoherence induces the experts to make …

systematic violation of expected utility theory. We propose a model in which a well-known failure of expected utility – captured … connection between two well-known behavioural regularities, one in individual decision theory and another in the social …

theoretical and empirical literature on 'pivotal voter' models. Our experiment controls for different information levels of voters …