We review the literature on credence goods since Dulleck and Kerschbamer (2006). We
consider various markets for credence goods and briefly discuss evidence on the extent of …

Credence goods markets are characterized by asymmetric information between sellers and
consumers that may give rise to inefficiencies, such as under-and overtreatment or market …

Introduction Studies have demonstrated the existence of significant variation in test-ordering
patterns in both primary and secondary care, for a wide variety of tests and across many …

Using a field experiment involving undercover visits to auto repair garages with a test
vehicle, I first examine how asymmetric information between mechanics and motorists over …

内容提要: 本文构建了一个医疗服务市场上信息不对称程度的测度模型, 并基于“中国健康与营养
调查”(CHNS) 中微观个体调查数据, 对医疗服务市场上医患双方的信息程度及其对最终的医疗 …

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 …

This paper explores the impact of the behaviour of a firm and its management on its
stakeholders operating within the framework of Islamic law and morality and draws a sketch …

We consider a monopolist expert offering a service with a “credence” characteristic. A
credence service is one in which the customer cannot verify, even after a purchase, whether …

We study contracting between a consumer and an expert in a credence goods model
when:(i) the expert's choice of diagnosis effort is not observable;(ii) the expert might …

In a credence good market, sellers know more about buyers' necessity of the good. Because
of this information asymmetry, a selfish seller may exaggerate buyers' necessity of the good …