Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2009
Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to … determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …