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 markets. While theory predicts that either liability or verifiability yields …

often varies between individual firms. We show that these differences can be the result of labor market competition if … intuition, labor market competition does not destroy but may indeed foster within-firm cooperation …

market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand … case for possible application to the electricity market and discusses the implications of the results. In the literature … and demand response in the power market and their relationships. It enhances demand response in the electricity market …

impacts beyond the labour market. Specifically, researchers have begun to shift their attention from labour market and fiscal …

In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …

customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received …

increasing contract efficiency substantially. This effect is, however, associated with a considerable bilateralisation of market …