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  1. Diagnostic uncertainty and insurance coverage in credence goods markets
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: October 2023
    Verlag:  ECONtribute, [Bonn]

    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 how four common features shape experts’ provision behavior in credence goods markets: (i)... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 711
    Fernleihe:
    keine Fernleihe

     

    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 how four common features shape experts’ provision behavior in credence goods markets: (i) diagnostic uncertainty of experts; (ii) insurance coverage of consumers; (iii) malpractice payments for treatment failure; and (vi) consumer-regarding preferences of experts. Diagnostic imprecision unambiguously leads to less efficient provision. Insurance coverage and malpractice payments have an ambiguous effect on efficient provision. The impact of consumer-regarding preferences on efficiency is positive without insurance but ambiguous in the presence of insurance.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/283299
    Auflage/Ausgabe: This version: 29 September 2023
    Schriftenreihe: ECONtribute discussion paper ; no. 257
    Schlagworte: Credence goods; diagnostic uncertainty; insurance coverage; social preferences
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Serving consumers in an uncertain world
    a credence goods experiment
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: October 2023
    Verlag:  ECONtribute, [Bonn]

    Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 711
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by sellers and the trading decisions by consumers. Our results reveal that diagnostic uncertainty is a major source of inefficiency by decreasing efficient service provision. Insurance coverage has a positive net effect on market efficiency, despite making information acquisition and efficient service provision less likely. We also examine the role of -s and of sellers’ prosociality in shaping service provision and information acquisition.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/283300
    Auflage/Ausgabe: This version: 3 October 2023
    Schriftenreihe: ECONtribute discussion paper ; no. 258
    Schlagworte: Credence goods; diagnostic uncertainty; insurance coverage; experiment
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  3. Diagnostic uncertainty and insurance coverage in credence goods markets
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: [2023]
    Verlag:  Faculty of Economics and Statistics, University of Innsbruck, Innsbruck, Austria

    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 how four common features shape experts' provision behavior in credence goods markets: (i)... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 395
    Fernleihe:
    keine Fernleihe

     

    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 how four common features shape experts' provision behavior in credence goods markets: (i) diagnostic uncertainty of experts; (ii) insurance coverage of consumers; (iii) malpractice payments for treatment failure; and (vi) consumer-regarding preferences of experts. Diagnostic imprecision unambiguously leads to less efficient provision. Insurance coverage and malpractice payments have an ambiguous effect on efficient provision. The impact of consumer-regarding preferences on efficiency is positive without insurance but ambiguous in the presence of insurance.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/283396
    Auflage/Ausgabe: This version: 29 September 2023
    Schriftenreihe: Working papers in economics and statistics ; 2023, 14
    Schlagworte: Credence goods; diagnostic uncertainty; insurance coverage; social preferences
    Umfang: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  4. Serving consumers in an uncertain world
    a credence goods experiment
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: [2023]
    Verlag:  Faculty of Economics and Statistics, University of Innsbruck, Innsbruck, Austria

    Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 395
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by sellers and the trading decisions by consumers. Our results reveal that diagnostic uncertainty is a major source of inefficiency by decreasing efficient service provision. Insurance coverage has a positive net effect on market efficiency, despite making information acquisition and efficient service provision less likely. We also examine the role of -s and of sellers' prosociality in shaping service provision and information acquisition.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/283397
    Auflage/Ausgabe: This version: 30 September 2023
    Schriftenreihe: Working papers in economics and statistics ; 2023, 15
    Schlagworte: Credence goods; diagnostic uncertainty; insurance coverage; experiment
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  5. Serving consumers in an uncertain world
    a credence goods experiment
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: October 2023
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    Credence goods markets are prone to fraudulent behavior and market inefficiencies due to informational asymmetries between sellers and customers. We examine experimentally the effects of diagnostic uncertainty and insurance coverage on the information acquisition and provision decisions by sellers and the trading decisions by consumers. Our results reveal that diagnostic uncertainty is a major source of inefficiency by decreasing efficient service provision. Insurance coverage has a positive net effect on market efficiency, despite making information acquisition and efficient service provision less likely. We also examine the role of -s and of sellers' prosociality in shaping service provision and information acquisition.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 21.11116/0000-000D-C226-D
    hdl: 10419/283134
    Auflage/Ausgabe: This version: 3 October 2023
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2023, 11
    Schlagworte: Credence goods; diagnostic uncertainty; insurance coverage; experiment
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  6. Diagnostic uncertainty and insurance coverage in credence goods markets
    Autor*in: Balafoutas, Loukas; Fornwagner, Helena; Kerschbamer, Rudolf; Sutter, Matthias; Tverdostup, Maryna
    Erschienen: September 2023
    Verlag:  Max Planck Institute for Research on Collective Goods, Bonn

    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 how four common features shape experts' provision behavior in credence goods markets: (i)... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 62
    Fernleihe:
    keine Fernleihe

     

    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 how four common features shape experts' provision behavior in credence goods markets: (i) diagnostic uncertainty of experts; (ii) insurance coverage of consumers; (iii) malpractice payments for treatment failure; and (vi) consumer-regarding preferences of experts. Diagnostic imprecision unambiguously leads to less efficient provision. Insurance coverage and malpractice payments have an ambiguous effect on efficient provision. The impact of consumer-regarding preferences on efficiency is positive without insurance but ambiguous in the presence of insurance.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 21.11116/0000-000D-C219-C
    hdl: 10419/283135
    Auflage/Ausgabe: This version: 29 September 2023
    Schriftenreihe: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2023, 12
    Schlagworte: Credence goods; diagnostic uncertainty; insurance coverage; social preferences
    Umfang: 1 Online-Ressource (circa 37 Seiten), Illustrationen