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Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods
Adrian Beck (),
Rudolf Kerschbamer (),
Jianying Qiu ()
Matthias Sutter Working Papers from Faculty of Economics and Statistics, University of Innsbruck
We compare the behavior of car mechanics and college students as sellers in experimental credence goods markets. Finding largely similar behavior, we note much more overtreatment by car mechanics, probably due to decision heuristics they learned in their professional training.
Keywords: Artefactual field experiment; Car mechanics; Credence goods (search for similar items in EconPapers)
JEL-codes: C91 D82 C72 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp
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Persistent link: http://EconPapers.repec.org/RePEc:inn:wpaper:2009-27
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