. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second … field experiment in the market for computer repairs. We find that revealing a second opinion from another expert to the …

. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second … field experiment in the market for computer repairs. We find that revealing a second opinion from another expert to the …

lab experiments. Both in theory and in the experiment diagnostic uncertainty increases the rate of incorrect service … provision and leads to less trade, thus reducing efficiency. In theory, insurance also increases the provision of incorrect …

. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second … field experiment in the market for computer repairs. We find that revealing a second opinion from another expert to the …

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 … higher efficiency as long as liability is violated. -- Credence goods ; experiment ; liability ; verifiability ; reputation …