Search Results for: Uncertainty And Reputation Effects In Credence Goods Markets

Credence-goods experiments have focused on stylized settings in which experts can perfectly identify the buyer's best option and that option works without fail.

In markets for credence goods - such as health care or repair services - fraudulent behavior by better informed experts is a common problem. Our model studies h

Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine exp

Status and reputation concerns are conjectured to be important especially in markets with information asymmetries between buyers and sellers, such as in credenc