field experiment credence goods

Aug 1, 2021 · The economics of credence goods–a survey of recent lab and field experiments CESifo Econ. Stud. , 63 ( 1 ) ( 2017 ) , pp. 1 - 23 Crossref View in Scopus Google Scholar

Credence goods markets are characterized by asymmetric informa? tion between sellers and consumers that may give rise to inefficien? cies, such as under- and overtreatment or market breakdown. We study in a large experiment with 936 participants the determinants for efficiency in credence goods markets. While theory predicts that

Mar 1, 2017 · The Economics of Credence Goods – a Survey of Recent Lab and Field Experiments* ... we provide an overview about recent laboratory and field experiments on the economics of credence goods and ...

Credence goods markets are characterized by asymmetric information between sellers and consumers that may give rise to inefficiencies, such as under- and overtreatment or market breakdown. We study in a large experiment with 936 participants the determinants for efficiency in credence goods markets.

Keywords: credence goods, fraud, information acquisition, internet, field experiment 27 February 2019 * We benefitted from comments by Loukas Balafoutas, Niall Flynn, Ben Greiner, Axel Ockenfels, Henry Schneider, Marco Schwarz, Christian Waibel and seminar participants at UC San Diego, UC Riverside and the

Jun 1, 2023 · Credence goods markets are characterized by large informational asymmetries between consumers and expert sellers. In two waves of a natural field experiment in the market for computer repairs we study whether consumers benefit from accessing online information about their needs or previous consumers’ experience with particular sellers.

overview about recent laboratory and field experiments on the economics of cre-dence goods and discuss important implications and directions for future research. JEL classification: C91, C93, D82 Key words: credence goods, asymmetric information, policy, lab experiment, field experiment 1. Introduction

2020] health services as credence goods: a field experiment 1347 aggregated data, such as administrative data from hospitals (see Clemens and Gottlieb, 2014 for an overview). This has the major drawback that the physician–patient interaction, including patient demand effects, communication and the actual asymmetry of information, cannot be con-

A Field Experiment on Fraud in a Market for Credence Goods* Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to measure different types of

Jan 12, 2013 · Our field experiment with taxi drivers provides a number of advantages compared to other approaches to examine expert sellers' behaviour on credence goods markets. 3 Compared to non-experimental field studies like those discussed in the beginning, it allows for a systematic variation of treatment variables, while still investigating the ...