We consider a market for credence goods where a consumer does not know her problem
(either major or minor), and an expert can perform a treatment to fix the problem as well as …

Credence good markets, such as those for car repairs and medical treatments, are generally
characterized by an ex-ante and ex-post information asymmetry between the uninformed …

The annual audit is the auditors' main activity. It includes risk analysis, planning and
execution. Credence goods are special goods or services whose suppliers have superior …

This paper analyzes how liability rule influences the expert's behavior in credence goods
market. The expert, who diagnoses the consumer's need and then provides the treatment to …

Patients often rely on the advice of their general practitioner (GP) to decide which treatment
best fits their needs. Hospitals, in turn, might influence GPs' referral decision through …

In credence goods markets such as healthcare service markets, when a buyer encounters a
problem that needs treatment, only sellers have the expertise to determine which type of …

Credence goods markets, such as those for car repairs and medical treatments, are
generally characterized by an ex-ante and ex-post information asymmetry between the …