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The effects of information and competition on racial discrimination: Evidence from a field experiment
Nunley, John M.; Owens, Mark F.; Howard, R. Stephen - In: Journal of Economic Behavior & Organization 80 (2011) 3, pp. 670-679
We study racial discrimination by simultaneously selling identical products on eBay in pairs of auctions posted under … products. But price differences only emerge for sellers who have low eBay feedback scores in less competitive markets. Because … increased competition are both effective at reducing discrimination in online auctions. …
Persistent link: https://www.econbiz.de/10010573027
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Uncovering sophisticated discrimination with the help of credence goods markups : evidence from a natural field experiment
Hall, Jonathan; Kerschbamer, Rudolf; Neururer, Daniel; … - 2019
We present the results of a pre-registered natural field experiment designed to uncover a sophisticated form of discrimination against an immigrant minority in a market for credence goods. For this purpose, we introduce two markups: (i) the credence goods markup defined as the difference between...
Persistent link: https://www.econbiz.de/10012019631
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010193289
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10010199693
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Second-degree moral hazard in a real-world credence goods market
Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard - the tendency of the supply...
Persistent link: https://www.econbiz.de/10010207314
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Credence Goods Markets and the Informational Value of New Media : A Natural Field Experiment
Kerschbamer, Rudolf - 2019
Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...
Persistent link: https://www.econbiz.de/10012890889
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Social Relationships and Trust
Binzel, Christine - 2010
While social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present....
Persistent link: https://www.econbiz.de/10013141136
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Social Distance and Trust : Experimental Evidence from a Slum in Cairo
Binzel, Christine - 2013
While strong social ties help individuals cope with missing institutions, trade is essentially limited to those who are part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a member of a given social network (a friend), by...
Persistent link: https://www.econbiz.de/10013087403
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Second-Degree Moral Hazard in a Real-World Credence Goods Market
Balafoutas, Loukas - 2014
Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...
Persistent link: https://www.econbiz.de/10013061956
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Reputation vs Selection Effects in Markets with Informational Asymmetries
Alysandratos, Theodore; Geōrganas, Sōtērēs; Sutter, … - 2022
In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more trustworthy sellers into markets with such...
Persistent link: https://www.econbiz.de/10014242288