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Second Opinions and Price Competition: Inefficiency in the Market for Expert Advice
10 references·16 citing·33 second hop
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this work references cited by second hop

References

  • 1973Free Competition and the Optimal Amount of Fraud3,943 cited
  • 1993A Theory of Incentives in Procurement and Regulation3,005 cited
  • 1971A model of price adjustment1,642 cited
  • 1960Why Should Manufacturers Want Fair Trade?564 cited
  • 1983Prices as Signals of Product Quality502 cited
  • 1997Credence Goods and Fraudulent Experts360 cited
  • 1993Competition in a Market for Informed Experts' Services308 cited
  • 2001Credence goods monopolists171 cited
  • 1987Honesty in a Model of Strategic Information Transmission137 cited
  • 1995The Economics of Breakdowns, Checkups, and Cures126 cited

Cited by

  • 2021Influencing Social Media Influencers Through Affiliation96 cited
  • 2008Experts vs. discounters: Consumer free-riding and experts withholding advice in markets for credence goods92 cited
  • 2005Insurance in a Market for Credence Goods67 cited
  • 2006A Theory of Fraud and Overtreatment in Experts Markets62 cited
  • 2017Credence Goods, Costly Diagnosis and Subjective Evaluation60 cited
  • 2012The Role of Organizational Scope and Governance in Strengthening Private Monitoring

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53 cited
  • 2006Optimal search auctions36 cited
  • 2004Conflicts of Interest, Information Provision, and Competition in Banking32 cited
  • 2012Credence goods markets, distributional preferences and the role of institutions31 cited
  • 2017A Strategic Analysis of Multi-Channel Expert Services28 cited
  • 2017To trust is good, but to control is better: How investors discipline financial advisors’ activity28 cited
  • 2007Optimal Multi-Channel Delivery of Expertise: An Economic Analysis15 cited
  • 2014Second Opinions in Markets for Expert Services: Experimental Evidence15 cited
  • 2007Retail buyer power through steering13 cited
  • 2018Personal research, second opinions, and the diagnostic effort of experts13 cited
  • 2022Uncertain product availability in search markets8 cited