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The good, the bad and the naive: Do fair prices signal good types or do they induce good behaviour?

Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do fair prices induce good behavior, or do good experts post fair prices? To answer this question we propose and test a model with three seller types: the good choose fair prices and behave...

Persistent link: https://www.econbiz.de/10010286902

The Good, the Bad and the Naive: Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?

Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - Institute for the Study of Labor (IZA) - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...

Persistent link: https://www.econbiz.de/10011279266

The economics of credence goods: on the role of liability, verifiability, reputation and competition

Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009

has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

Persistent link: https://www.econbiz.de/10010271236

Scale economies can offset the benefits of competition: Evidence from a school consolidation reform in a universal voucher system

de Haan, Monique; Leuven, Edwin; Oosterbeek, Hessel - 2011

context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …

Persistent link: https://www.econbiz.de/10010278683

Add-on pricing, naive consumers, and the hidden welfare costs of education

Kosfeld, Michael; Schüwer, Ulrich - 2011

pricing strategy of firms. Educating consumers may do more harm than good and should thus only be considered if the regulator …

Persistent link: https://www.econbiz.de/10010282162

The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition

Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2009

has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

Persistent link: https://www.econbiz.de/10005822832

Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011

pricing strategy of firms. Educating consumers may do more harm than good and should thus only be considered if the regulator …

Persistent link: https://www.econbiz.de/10009359868

Scale Economies Can Offset the Benefits of Competition: Evidence from a School Consolidation Reform in a Universal Voucher System

de Haan, Monique; Leuven, Edwin; Oosterbeek, Hessel - Institute for the Study of Labor (IZA) - 2011

context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. …

Persistent link: https://www.econbiz.de/10008855349

Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry

Herkenhoff, Kyle; Raveendranathan, Gajendran - 2019

competitive pricing, and has repeatedly lost antitrust lawsuits. We depart from existing competitive models by integrating …. Transitioning from 1970 to 2016 levels of competition yields welfare gains equivalent to a one-time transfer worth between 1.87 and …

Persistent link: https://www.econbiz.de/10012180029

Common Ownership of Competing Firms: Evidence from Australia

Leigh, Andrew; Triggs, Adam - 2021

limitations of the available data, and the potential implications of common ownership for competition in Australia. …

Persistent link: https://www.econbiz.de/10012597433