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Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice Author info | Abstract | Publisher info | Download info | Related research | Statistics W. Pesendorfer
A. Wolinsky
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Paper provided by Economics Department, Princeton University in its series Princeton Economic Theory Papers with number
00s18.
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Date of creation: Apr 2000Date of revision:
Handle: RePEc:wop:prinet:00s18Contact details of provider: Postal: 001 Fisher Hall, Princeton, NJ 08544-1021 Phone: (609) 258-4000 Fax: (609) 258-6419 Email: Web page: http://www.princeton.edu/~ectheory/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Winand Emons, 1994.
"Credence Goods and Fraudulent Experts ,"
Diskussionsschriften
dp9402, Universitaet Bern, Departement Volkswirtschaft.
Other versions: Wolinsky, Asher, 1983.
"Prices as Signals of Product Quality ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 50(4), pages 647-58, October.
[Downloadable!] (restricted)
Jacob Glazer & Thomas G. McGuire, 1991.
"The Economics of Referrals ,"
Papers
0020, Boston University - Industry Studies Programme.
W. Pesendorfer & A. Wolinsky, 2000.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice ,"
Princeton Economic Theory Papers
00s18, Economics Department, Princeton University.
Other versions:
Wolfgang Pesendorfer & Asher Wolinsky, 1998.
"Second Opinions and Price Competition Inefficiency in the Market for Expert Advice ,"
Discussion Papers
1229, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Wolfgang Pesendorfer & Asher Wolinsky, 2000.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice ,"
Discussion Papers
1306, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Wolfgang Pesendorfer & Asher Wolinsky, 2003.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 70(2), pages 417-437, 04.
[Downloadable!] (restricted) Pitchik, Carolyn & Schotter, Andrew, 1987.
"Honesty in a Model of Strategic Information Transmission ,"
American Economic Review ,
American Economic Association, vol. 77(5), pages 1032-36, December.
[Downloadable!] (restricted)
Asher Wolinsky, 1993.
"Competition in a Market for Informed Experts' Services ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 24(3), pages 380-398, Autumn.
[Downloadable!] (restricted)
Darby, Michael R & Karni, Edi, 1973.
"Free Competition and the Optimal Amount of Fraud ,"
Journal of Law & Economics ,
University of Chicago Press, vol. 16(1), pages 67-88, April.
Diamond, Peter A., 1971.
"A model of price adjustment ,"
Journal of Economic Theory ,
Elsevier, vol. 3(2), pages 156-168, June.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Crémer, Jacques & Spiegel, Yossi & Zheng, Charles, 2005.
"Optimal Search Auctions ,"
IDEI Working Papers
293, Institut d'Économie Industrielle (IDEI), Toulouse.
[Downloadable!]
Other versions:
Charles Zhoucheng Zheng & Jacques Cremer & Yossef Spiegel, 2004.
"Optimal search auctions ,"
Econometric Society 2004 North American Summer Meetings
615, Econometric Society.
[Downloadable!] Jacques Cremer & Yossi Spiegel & Charles Z. Zheng, 2005.
"Optimal Search Auctions ,"
Discussion Papers
1421, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Cremer, Jacques & Spiegel, Yossi & Zheng, Charles Zhoucheng, 2007.
"Optimal search auctions ,"
Journal of Economic Theory ,
Elsevier, vol. 134(1), pages 226-248, May.
[Downloadable!] (restricted) Dulleck, Uwe & Kerschbamer, Rudolf, 2003.
"Price Discrimination in Markets for Experts' Services ,"
CEPR Discussion Papers
4155, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions: Wolfgang Pesendorfer & Asher Wolinsky, 2000.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice ,"
Discussion Papers
1306, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Other versions:
W. Pesendorfer & A. Wolinsky, 2000.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice ,"
Princeton Economic Theory Papers
00s18, Economics Department, Princeton University.
Wolfgang Pesendorfer & Asher Wolinsky, 1998.
"Second Opinions and Price Competition Inefficiency in the Market for Expert Advice ,"
Discussion Papers
1229, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Wolfgang Pesendorfer & Asher Wolinsky, 2003.
"Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 70(2), pages 417-437, 04.
[Downloadable!] (restricted) Dulleck, Uwe & Kerschbamer, Rudolf, 2001.
"On Doctors, Mechanics and Computer Specialists. Or Where are the Problems with Credence Goods? ,"
CEPR Discussion Papers
3016, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions: repec:bep:thetop:v:7:y:2007:i:1:p:1348-1348 is not listed on IDEAS
In-Uck Park, 2000.
"Cheap Talk Reputation and Coordination of Differentiated Experts ,"
Econometric Society World Congress 2000 Contributed Papers
1680, Econometric Society.
[Downloadable!]
Patrick Bolton & Xavier Freixas & Joel Shapiro, 2004.
"Conflicts of Interest, Information Provision and Competition in Banking ,"
Economics Working Papers
760, Department of Economics and Business, Universitat Pompeu Fabra.
[Downloadable!]
Other versions: Uwe Dulleck & Rudolf Kerschbamer, 2005.
"Price discrimination via the choice of distribution channels ,"
Economics working papers
2005-08, Department of Economics, Johannes Kepler University Linz, Austria.
[Downloadable!]
Uwe Dulleck & Rudolf Kerschbamer, 2005.
"Experts vs. discounters: consumer free riding and experts withholding advice in markets for credence goods ,"
Economics working papers
2005-09, Department of Economics, Johannes Kepler University Linz, Austria.
[Downloadable!]
Other versions:
Uwe Dulleck & Rudolf Kerschbamer, 2007.
"Experts vs. Discounters: Consumer Free Riding and Experts Withholding Advice in Markets for Credence Goods ,"
Working Papers
2007-21, Faculty of Economics and Statistics, University of Innsbruck.
[Downloadable!] Dulleck, Uwe & Kerschbamer, Rudolf, 2009.
"Experts vs. discounters: Consumer free-riding and experts withholding advice in markets for credence goods ,"
International Journal of Industrial Organization ,
Elsevier, vol. 27(1), pages 15-23, January.
[Downloadable!] (restricted) Dulleck, Uwe & Kerschbamer, Rudolf, 2005.
"Experts vs Discounters: Competition and Market Unravelling When Consumers Do Not Know What they Need ,"
CEPR Discussion Papers
5242, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Cremer, Jaques & Spiegel, Yossi & Zheng, Charles, 2006.
"Optimal Search Auctions ,"
Staff General Research Papers
12662, Iowa State University, Department of Economics.
Uwe Dulleck & Rudolf Kerschbamer & Matthias Sutter, 2009.
"The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition ,"
Working Papers
2009-03, Faculty of Economics and Statistics, University of Innsbruck.
[Downloadable!]
Other versions:
Dulleck, Uwe & Kerschbamer, Rudolf & Sutter, Matthias, 2009.
"The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition ,"
IZA Discussion Papers
4030, Institute for the Study of Labor (IZA).
[Downloadable!] Dulleck, Uwe & Rudolf, Kerschbamer & Matthias, Sutter, 2009.
"The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition ,"
Working Papers in Economics
348, Göteborg University, Department of Economics.
[Downloadable!] Uwe Dulleck & Rudolf Kerschbamer & Matthias Sutter, 2009.
"The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition ,"
NCER Working Paper Series
42, National Centre for Econometric Research.
[Downloadable!] Joel Shapiro & Patrick Bolton & Xavier Freixas, 2004.
"Conflicts of Interest and Credible Information Provision by Specialized and One-Stop Banks ,"
Econometric Society 2004 North American Winter Meetings
132, Econometric Society.
[Downloadable!]
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