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Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions

Citations

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Cited by:

  1. Manela Karunadasa & Katri K. Sieberg & Toni Tapani Kristian Jantunen, 2023. "Payment Systems, Supplier-Induced Demand, and Service Quality in Credence Goods: Results from a Laboratory Experiment," Games, MDPI, vol. 14(3), pages 1-31, May.
  2. Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2023. "Serving consumers in an uncertain world: A credence goods experiment," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2023_11, Max Planck Institute for Behavioral Economics.
  3. Perodaud, Maxime & Hanaki, Nobuyuki & Yamada, Takashi, 2022. "An experimental analysis of gender discrimination in a credence goods market," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 98(C).
  4. Parampreet Christopher Bindra & Rudolf Kerschbamer & Daniel Neururer & Matthias Sutter, 2020. "Reveal it or conceal it: On the value of second opinions in a low-entry-barriers credence goods market," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2020_11, Max Planck Institute for Behavioral Economics.
  5. Martin Holmén & Felix Holzmeister & Michael Kirchler & Matthias Stefan & Erik Wengström, 2023. "Economic Preferences and Personality Traits Among Finance Professionals and the General Population," The Economic Journal, Royal Economic Society, vol. 133(656), pages 2949-2977.
  6. Iman Ahmadi, 2023. "Face/Off: The adverse effects of increased competition," Quantitative Marketing and Economics (QME), Springer, vol. 21(2), pages 183-279, June.
  7. Sandoval, Héctor & Hancevic, Pedro & Bejarano, Hernán, 2026. "Opportunistic behavior and discrimination in the mexican solar photovoltaic market: An audit experiment," World Development, Elsevier, vol. 197(C).
  8. Merkel, Lena & Bocoum, Fadima & Hartwig, Renate, 2025. "Pricing certainty: Experimental evidence on consumer trade-offs between drug quality and cost," Ruhr Economic Papers 1181, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
  9. Katharina Momsen & Markus Ohndorf, 2022. "Seller Opportunism in Credence Good Markets – The Role of Market Conditions," Working Papers 2022-10, Faculty of Economics and Statistics, Universität Innsbruck.
  10. Balafoutas, Loukas & Fornwagner, Helena & Kerschbamer, Rudolf & Sutter, Matthias & Tverdostup, Maryna, 2020. "Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets," IZA Discussion Papers 13848, IZA Network @ LISER.
  11. Theodore Alysandratos & Sotiris Georganas & Matthias Sutter, 2022. "Reputation vs Selection Effects in Markets with Informational Asymmetries," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2022_08, Max Planck Institute for Behavioral Economics.
  12. Cheo, Roland & Ge, Ge & Liu, Rugang & Wang, Jian & Wang, Qiqi, 2023. "Physician beneficence and profit-taking among private for-profit clinics in China: A field study using a mystery shopper audit," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 107(C).
  13. Raphael Epperson & Esther Blanco & Loukas Balafoutas, 2024. "Targeted Information and Sustainable Consumption: Field Evidence," Working Papers 2024-10, Faculty of Economics and Statistics, Universität Innsbruck.
  14. Cao, Yiran & Chen, Yongmin & Ding, Yucheng & Zhang, Tianle, 2022. "Search and competition in expert markets," MPRA Paper 122509, University Library of Munich, Germany, revised 27 Oct 2024.
  15. Momsen, Katharina, 2021. "Recommendations in credence goods markets with horizontal product differentiation," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 19-38.
  16. Edi Karni, 2024. "Preventive-service fraud in credence good markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 78(2), pages 593-617, September.
  17. Kandul, Serhiy & Lanz, Bruno & Reins, Evert, 2023. "Reciprocity and gift exchange in markets for credence goods," Games and Economic Behavior, Elsevier, vol. 141(C), pages 52-69.
  18. Akın, Zafer, 2023. "Direct lying or playing the victim? An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 150-169.
  19. Akin, Zafer, 2022. "Playing the victim behavior: an experimental study," MPRA Paper 115532, University Library of Munich, Germany.
  20. Carolina Guerini & Donato Masciandaro, 2023. "Financial Education between Market and State: Private Commitment, Conflicts of Interest and Public Certification," BAFFI CAREFIN Working Papers 23213, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
  21. Sofia Brito-Ramos & Maria Céu Cortez & Florinda Silva, 2022. "Do sustainability signals diverge? An analysis of labeling schemes for socially responsible investments ," Working Papers hal-04064367, HAL.
  22. Erika Deserranno & Gianmarco Le n-Ciliotta & Firman Witoelar, 2021. "When transparency fails: Financial incentives for local banking agents in Indonesia," Departmental Working Papers 2021-04, The Australian National University, Arndt-Corden Department of Economics.
  23. Yongmin Chen & Jianpei Li & Jin Zhang, 2022. "Efficient Liability In Expert Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(4), pages 1717-1744, November.
  24. Mehdi Ayouni & Thomas Lanzi, 2024. "Credence goods, consumer feedback and (in)efficiency," Working Papers hal-03740494, HAL.
  25. Schneider, Tim & Meub, Lukas & Bizer, Kilian, 2021. "Consumer information in a market for expert services: Experimental evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
  26. Martin Obradovits & Markus Walzl, 2025. "Technology Choice and Price Signaling in Markets for Label Credence Goods," Economics working papers 2025-11, Department of Economics, Johannes Kepler University Linz, Austria.
  27. Ogawa, Hiromasa, 2024. "Expert’s reputation concern and consumer information," Mathematical Social Sciences, Elsevier, vol. 131(C), pages 80-92.
  28. Daniel Rehsmann & Béatrice Roussillon & Paul Schweinzer, 2023. "Contesting Fake News," CESifo Working Paper Series 10632, CESifo.
  29. Walter, Johannes & Biermann, Jan & Horton, John, 2024. "Advised by an Algorithm: Learning with Different Informational Resources," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302407, Verein für Socialpolitik / German Economic Association.
  30. Mona Groß & Hendrik Jürges & Daniel Wiesen, 2021. "The effects of audits and fines on upcoding in neonatology," Health Economics, John Wiley & Sons, Ltd., vol. 30(8), pages 1978-1986, August.
  31. Hu, Guimei & Xie, Tao & Wang, Haizhong & Liu, Wumei, 2026. "Should the doctor smile at me? The impact and mechanism of the service avatar's smile display and realism on the customer's self-disclosure in healthcare consultation services," Journal of Retailing and Consumer Services, Elsevier, vol. 89(PA).
  32. Green, Ellen P. & Kloosterman, Andrew, 2022. "Agent sorting by incentive systems in mission firms: Implications for healthcare and other credence goods markets," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 408-429.
  33. Biermann, Jan & Horton, John J. & Walter, Johannes, 2022. "Algorithmic advice as a credence good," ZEW Discussion Papers 22-071, ZEW - Leibniz Centre for European Economic Research.
  34. Ploypailin Kijkasiwat & Hamza Almustafa & Pongsutti Phuensane, 2023. "Initial coin offerings for business: a systematic literature review and bibliometric analysis," SN Business & Economics, Springer, vol. 3(1), pages 1-31, January.
  35. Liu, Ting & Ma, Ching-to Albert, 2024. "Equilibrium information in credence goods," Games and Economic Behavior, Elsevier, vol. 145(C), pages 84-101.
  36. Bindra, Parampreet Christopher & Kerschbamer, Rudolf & Neururer, Daniel & Sutter, Matthias, 2021. "On the value of second opinions: A credence goods field experiment," Economics Letters, Elsevier, vol. 205(C).
  37. Alexander Erlei, 2025. "From Digital Distrust to Codified Honesty: Experimental Evidence on Generative AI in Credence Goods Markets," Papers 2509.06069, arXiv.org.
  38. Ge, Ge & Cheo, Roland & Liu, Rugang & Wang, Jian & Wang, Qiqi, 2023. "Physician beneficence and profit-taking among private for profit clinics in China: A field study using a mystery shopper audit," HERO Online Working Paper Series 2023:6, University of Oslo, Health Economics Research Programme.
  39. Mahenc, Philippe, 2025. "Penetration or skimming pricing for credence products?," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
  40. Mehdi Ayouni & Thomas Lanzi, 2022. "Credence goods, consumer feedback and (in)efficiency," Working Papers of BETA 2022-27, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  41. Maxime Perodaud & Michela Chessa, 2026. "Hey, what did you expect ? Confirmation bias in credence goods markets: Theoretical and experimental analyses," Post-Print hal-05441370, HAL.
  42. Gerlach, Heiko & Li, Junqian, 2022. "Experts, trust and competition," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 552-578.
  43. Angerer, Silvia & Glätzle-Rützler, Daniela & Waibel, Christian, 2023. "Framing and subject pool effects in healthcare credence goods," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 103(C).
  44. Colombo, Ferdinando & Ursino, Giovanni, 2025. "Beliefs, credence goods and information campaigns," Journal of Economic Behavior & Organization, Elsevier, vol. 238(C).
  45. Hampton, Clark & Knutson, Macy & Masli, Adi & Stefaniak, Chad, 2025. "How negative accounting news events, voluntary ESG assurance, and assurance provider influence consumer purchasing intentions," Accounting, Organizations and Society, Elsevier, vol. 115(C).
  46. Parampreet Christopher Bindra & Graeme Pearce, 2022. "The effect of priming on fraud: Evidence from a natural field experiment," Economic Inquiry, Western Economic Association International, vol. 60(4), pages 1854-1874, October.
  47. Karine Lamiraud & Radu Vranceanu, 2025. "A two-sector model of healthcare provision with directed search," Theory and Decision, Springer, vol. 99(4), pages 877-907, December.
  48. Jelnov Artyom, 2025. "Addictive Treatment," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 25(4), pages 1023-1031.
  49. Alexander Erlei & Lukas Meub, 2026. "LLM-Agent Interactions on Markets with Information Asymmetries," Papers 2603.08853, arXiv.org.
  50. Silvia Angerer & Daniela Glätzle-Rützler & Christian Waibel, 2021. "Trust in health care credence goods: Experimental evidence on framing and subject pool effects," Working Papers 2021-13, Faculty of Economics and Statistics, Universität Innsbruck.
  51. Winand Emons & Severin Lenhard, 2025. "The Economics of Advice," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 67(2), pages 111-131, August.
  52. Bertrand Crettez & Régis Deloche & Marie‐Hélène Jeanneret‐Crettez, 2020. "A demand‐induced overtreatment model with heterogeneous experts," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1713-1733, September.
  53. Farukh, Razi & Kerkhof, Anna & Loebbing, Jonas, 2020. "Inefficiency and Regulation in Credence Goods Markets with Altruistic Experts," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224590, Verein für Socialpolitik / German Economic Association.
  54. Martin Obradovits & Philipp Plaickner, 2024. "Searching for Treatment," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 180(1), pages 144-186.
  55. Gradwohl, Ronen & Jelnov, Artyom, 2024. "Partial credence goods on review platforms," Games and Economic Behavior, Elsevier, vol. 148(C), pages 517-534.
  56. Alexander W. Cappelen & Stefan Meissner & Bertil Tungodden, 2025. "Cancel the Deal? An Experimental Study on the Exploitation of Irrational Consumers," Management Science, INFORMS, vol. 71(5), pages 3983-3995, May.
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