Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods

Adrian Beck (), Rudolf Kerschbamer, Jianying Qiu and Matthias Sutter

Working Papers from Faculty of Economics and Statistics, Universität Innsbruck

Abstract: 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: C72 C91 D82 (search for similar items in EconPapers)
Pages: 14
Date: 2009-12
New Economics Papers: this item is included in nep-exp
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Citations: View citations in EconPapers (2)

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https://www2.uibk.ac.at/downloads/c4041030/wpaper/2009-27.pdf (application/pdf)

Related works:
Journal Article: Car mechanics in the lab––Investigating the behavior of real experts on experimental markets for credence goods (2014)
Working Paper: Car mechanics in the lab: investigating the behavior of real experts on experimental markets for credence goods (2014)
Working Paper: Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:inn:wpaper:2009-27

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