Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to …

common knowledge and treatments where agents' types are private information. In all treatments, the (efficient) equilibrium …

rely on buyers sharing their private information about sellers with the community, and thus may suffer from too little … information even when costly. We find fairly high trust and trustworthiness levels in all markets, with buyers showing a … feedback, it did not improve overall trustworthiness as this information enabled sellers to discriminate and act in a …

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to …

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to …

credibly deter unprofitable entry without having to distort their prices away from their full information levels. Yet, in a … large number of cases, asymmetric information induces incumbents to raise prices when costs are low. The results also show …

The paper reports results from an Ultimatum Game experiment with asymmetric information where Proposers can send to … Responders misleading information about their endowment. We allow for all possible gender combinations in the Proposer …

Our study proposes a novel mechanism to reduce information asymmetry about product quality between buyers and sellers … providing credible information. However, limited capacity leads to testing of only a select number of product models, often … bestsellers, which can yield suboptimal information. After outlining our mechanism, we develop a game to derive testable …

We experimentally investigate the impact of visibility of contributors and cost of information on public good …, even when viewing contributors' information is costly. This effect holds even though the identities of contributors are …

, team productivity is negatively affected by lower investment incentives. -- Bargaining Game ; Dictator Game ; Investment …