期刊
REVIEW OF ECONOMIC STUDIES
卷 80, 期 3, 页码 876-891出版社
OXFORD UNIV PRESS
DOI: 10.1093/restud/rds049
关键词
Credence goods; Expert services; Natural field experiment; Taxi rides; Fraud; Asymmetric information; Distributional preferences
类别
资金
- Austrian Science Fund (FWF) [P 20796] Funding Source: researchfish
Credence goods are characterized by informational asymmetries between sellers and consumers that invite fraudulent behaviour by sellers. This article presents a natural field experiment on taxi rides in Athens, Greece, set up to measure different types of fraud and to examine the influence of passengers' presumed information and income on the extent of fraud. We find that passengers with inferior information about optimal routes are taken on significantly longer detours, while lack of information on the local tariff system increases the likelihood of manipulated bills by about fifteen percentage points. Passengers' perceived income seems to have no effect on fraud.
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