Arbeitspapier
Diagnostic uncertainty and insurance coverage in credence goods markets
In markets for credence goods - such as health care or repair services - fraudulent behavior by better informed experts is a common problem. Our model studies how four common features shape experts' provision behavior in credence goods markets: (i) diagnostic uncertainty of experts; (ii) insurance coverage of consumers; (iii) malpractice payments for treatment failure; and (vi) consumer-regarding preferences of experts. Diagnostic imprecision unambiguously leads to less efficient provision. Insurance coverage and malpractice payments have an ambiguous effect on efficient provision. The impact of consumer-regarding preferences on efficiency is positive without insurance but ambiguous in the presence of insurance.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers in Economics and Statistics ; No. 2023-14
- Klassifikation
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Insurance; Insurance Companies; Actuarial Studies
- Thema
-
Credence goods
diagnostic uncertainty
insurance coverage
social preferences
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Balafoutas, Loukas
Fornwagner, Helena
Kerschbamer, Rudolf
Sutter, Matthias
Tverdostup, Maryna
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
- (wo)
-
Innsbruck
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Balafoutas, Loukas
- Fornwagner, Helena
- Kerschbamer, Rudolf
- Sutter, Matthias
- Tverdostup, Maryna
- University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
Entstanden
- 2023
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