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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...
Uloženo v:
| Vydáno v: | Econ J (London) |
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| Hlavní autoři: | , , |
| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
John Wiley and Sons Inc.
2016
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| Témata: | |
| On-line přístup: | 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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