We experimentally investigate the role of second opinions in markets where experts like doctors both diagnose and … provide the services. Experts may exploit their informational advantage over customers and overtreat by providing a more …

When experts have superior information on their customers' needs and appropriate treatment/repair/advice is a credence … good, there are obvious incentives for opportunistic behavior. What compounds this is that experts regularly make treatment …

In credence goods markets, experts have better information about the appropriate quality of treatment than their … customers. Experts may exploit their informational advantage by defrauding customers. Market institutions have been shown … experts are heterogeneous in their diagnostic abilities. We find that efficient market outcomes are always possible. However …

, reputational concerns, competition between experts and second opinions). We also describe recent developments in this area of …

We experimentally investigate the role of second opinions in markets where experts like doctors both diagnose and … provide the services. Experts may exploit their informational advantage over customers and overtreat by providing a more …

We experimentally investigate the role of second opinions in markets where experts like doctors both diagnose and … provide the services. Experts may exploit their informational advantage over customers and overtreat by providing a more …