Credence goods, experts and risk aversion

DOI10.1016/J.ECONLET.2013.05.033MaRDI QIDQ2446271zbMATH OpenOpenAlexFDO

Authors Olivier Bonroy, Stéphane Lemarié, Jean-Philippe Tropeano

Publication date 16 April 2014

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2013.05.033

zbMATH Keywords

risk aversioncredence goodsexpert services

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

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(4)

• Equilibrium information in credence goods
• Shaping beliefs in experimental markets for expert services: guilt aversion and the impact of promises and money-burning options
• EFFICIENT LIABILITY IN EXPERT MARKETS
• Expert's reputation concern and consumer information

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