Similar Search Results

Trust in health care credence goods : experimental evidence on framing and subject pool effects

Angerer, Silvia; Glätzle-Rützler, Daniela; Waibel, … - 2021

between experts and consumers. The functioning of the market heavily relies on trust on the side of the consumer as well as … behavior of experts, however, is not significantly influenced by the health care framing, nor by the subject pool. …

Persistent link: https://www.econbiz.de/10012591151

Knowledge and beliefs about behavioral biases

Huber, Jürgen; Kirchler, Michael; Steinbacher, Teresa - 2024

In this study we explore the knowledge and beliefs regarding behavioral biases among behavioral scientists, financial professionals, and the general population. We investigate knowledge about ten prominent biases and collect beliefs about the knowledge levels of each of these subject pools by...

Persistent link: https://www.econbiz.de/10015178401

The value of rating systems in credence goods markets

Angerer, Silvia; Glätzle-Rützler, Daniela; Mimra, Wanda; … - 2025

may inhibit the information and reputation-building value of public rating systems. We implement a market in which experts …

Persistent link: https://www.econbiz.de/10015271366

The impact of distributional preferences on (experimental) markets for expert services

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

Persistent link: https://www.econbiz.de/10008657628

Car mechanics in the lab : investigating the behavior of real experts on experimental markets for credence goods

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2014 - This Version: December 25th, 2013

Credence goods, such as car repairs or medical services, are characterized by severe informational asymmetries between sellers and consumers, leading to fraud in the form of provision of insufficient service (undertreatment), provision of unnecessary service (overtreatment) and charging too much...

Persistent link: https://www.econbiz.de/10010237656

The hidden costs of tax evasion : collaborative tax evasion in markets for expert services

Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - 2014 - This version: 24. January 2014

In markets where transactions are governed by contractual incompleteness, revealed intentions to evade taxes may affect market performance. We experimentally examine the impact of tax evasion attempts on the performance of credence goods markets, where contractual incompleteness results from...

Persistent link: https://www.econbiz.de/10010237657

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

Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - 2012 - This Version 5 April 2012

prices. -- credence goods ; experts ; pricing ; experiment ; other regarding preferences ; signalling ; projection bias …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 …

Persistent link: https://www.econbiz.de/10009741521

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

Dulleck, Uwe; Johnston, David; Kerschbamer, Rudolf; … - 2012 - This version: 5 April 2012

Persistent link: https://www.econbiz.de/10009571158

How social preferences shape incentives in (experimental) markets for credence goods

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2015 - This Version: February 2015

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus-maximizing quality. While standard theory predicts that equal mark-up prices solve the credence goods problem if customers can verify the quality received, experimental evidence...

Persistent link: https://www.econbiz.de/10010479932

Guilt from promise-breaking and trust in markets for expert services : theory and experiment

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010

broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most … experts make the predicted promise; (2) proper promises induce consumer-friendly behavior; and (3) higher interaction prices … increase the commitment value of proper promises. -- promises ; guilt, trust ; credence goods ; experts ; reciprocity …

Persistent link: https://www.econbiz.de/10009736618