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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. 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.
  2. 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.
  3. Erika Deserranno & Gianmarco León-Ciliotta & Firman Witoelar, 2025. "When Transparency Fails: Financial Incentives for Local Banking Agents in Indonesia," The Review of Economics and Statistics, MIT Press, vol. 107(6), pages 1537-1552, November.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. Iman Ahmadi, 2023. "Face/Off: The adverse effects of increased competition," Quantitative Marketing and Economics (QME), Springer, vol. 21(2), pages 183-279, June.
  10. 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.
  11. 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).
  12. 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.
  13. 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.
  14. Yiran Cao & Yongmin Chen & Yucheng Ding & Tianle Zhang, 2026. "Search and Competition in Expert Markets," RAND Journal of Economics, RAND Corporation, vol. 57(1), pages 158-175, March.
  15. 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.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. 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).
  21. Alexander Erlei & Lukas Meub, 2026. "LLM-Agent Interactions on Markets with Information Asymmetries," Papers 2603.08853, arXiv.org.
  22. 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.
  23. 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," ECONtribute Discussion Papers Series 004, University of Bonn and University of Cologne, Germany.
  24. 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).
  25. 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.
  26. Akın, Zafer, 2023. "Direct lying or playing the victim? An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 150-169.
  27. 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.
  28. Jelnov Artyom, 2025. "Addictive Treatment," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 25(4), pages 1023-1031.
  29. Martin Obradovits & Philipp Plaickner, 2024. "Searching for Treatment," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 180(1), pages 144-186.
  30. 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.
  31. 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.
  32. 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).
  33. Ogawa, Hiromasa, 2024. "Expert’s reputation concern and consumer information," Mathematical Social Sciences, Elsevier, vol. 131(C), pages 80-92.
  34. Daniel Rehsmann & Béatrice Roussillon & Paul Schweinzer, 2023. "Contesting Fake News," CESifo Working Paper Series 10632, CESifo.
  35. 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).
  36. Jonathan Hall & Rudolf Kerschbamer & Daniel Neururer & Eric Skoog, 2025. "Uncovering Sophisticated Discrimination with the Help of Credence Goods Markups: Evidence from a Natural Field Experiment," Management Science, INFORMS, vol. 71(1), pages 694-707, January.
  37. 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.
  38. Colombo, Ferdinando & Ursino, Giovanni, 2025. "Beliefs, credence goods and information campaigns," Journal of Economic Behavior & Organization, Elsevier, vol. 238(C).
  39. Loukas Balafoutas & Helena Fornwagner & Rudolf Kerschbamer & Matthias Sutter & Maryna Tverdostup, 2023. "Serving Consumers in an Uncertain World: A Credence Goods Experiment," ECONtribute Discussion Papers Series 258, University of Bonn and University of Cologne, Germany.
  40. 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.
  41. Gradwohl, Ronen & Jelnov, Artyom, 2024. "Partial credence goods on review platforms," Games and Economic Behavior, Elsevier, vol. 148(C), pages 517-534.
  42. 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).
  43. 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.
  44. 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.
  45. Mahenc, Philippe, 2025. "Penetration or skimming pricing for credence products?," Journal of Economic Dynamics and Control, Elsevier, vol. 180(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. Mehdi Ayouni & Thomas Lanzi, 2024. "Credence goods, consumer feedback and (in)efficiency," Working Papers hal-03740494, HAL.
  49. Alexander Erlei, 2025. "From Digital Distrust to Codified Honesty: Experimental Evidence on Generative AI in Credence Goods Markets," Papers 2509.06069, arXiv.org.
  50. Gerlach, Heiko & Li, Junqian, 2022. "Experts, trust and competition," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 552-578.
  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. Momsen, Katharina, 2021. "Recommendations in credence goods markets with horizontal product differentiation," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 19-38.
  53. Akin, Zafer, 2022. "Playing the victim behavior: an experimental study," MPRA Paper 115532, University Library of Munich, Germany.
  54. 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.
  55. Liu, Ting & Ma, Ching-to Albert, 2024. "Equilibrium information in credence goods," Games and Economic Behavior, Elsevier, vol. 145(C), pages 84-101.
  56. 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).
  57. 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).
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