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How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods

Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus‐maximising quality. While standard theory predicts that equal mark‐up prices solve the credence goods problem if customers can verify the quality received, experimental evidence indicates th...

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Detalhes bibliográficos
Publicado no:Econ J (London)
Main Authors: Kerschbamer, Rudolf, Sutter, Matthias, Dulleck, Uwe
Formato: Artigo
Idioma:Inglês
Publicado em: John Wiley and Sons Inc. 2016
Assuntos:
Acesso em linha:https://ncbi.nlm.nih.gov/pmc/articles/PMC5347901/
https://ncbi.nlm.nih.gov/pubmed/28344358
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1111/ecoj.12284
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