University of Innsbruck



WorkNet_NoLegend The SFB F63 "Credence Goods, Incentives and Behavior" is funded by the Austrian Science Fund (FWF) and runs for 4 years from March 2017. It is a joint research project including the project part leaders Loukas Balafoutas, Jürgen Huber, Rudolf Kerschbamer, Michael Kirchler, Matthias Sutter, and Markus Walzl.

The project’s aim is to analyze key determinants of individual behavior and market performance in credence goods markets with a variety of methods, combining theoretical work, laboratory experiments and field experiments. The research group consists of more than 30 scholars from economics and finance, thus bridging research across both fields.

Related Publications

Balafoutas, L., Kerschbamer, R. (2020), Credence goods in the literature: What the past fifteen years have taught us about fraud, incentives, and the role of institutions. Journal of Behavioral and Experimental Finance. [more]

Kirchler, M., Lindner, F., Weitzel, U. (forthcoming), Rankings and risk-taking in the finance industry. Journal of Finance. [more]

Holzmeister, F., Huber, J., Kirchler, M., Lindner, F., Weitzel, U., Zeisberger, S. (2020), What drives risk perception? A global survey with financial professionals and lay people. Management Science. [more]

Sutter, M., Huber, J., Kirchler, M., Stefan, M., Walzl, M. (2020), Where to look for the morals in markets. Experimental Economics. [more]

Kerschbamer, R., Neururer, D., Gruber, A. (2019), Do the altruists lie less? Journal of Economic Behavior and Organization. [more]

Weitzel, U., Huber, C., Huber, J., Kirchler, M., Lindner, F., Rose, J. (2019), Bubbles and financial professionals. Review of Financial Studies. [more]

Balafoutas, L., Kerschbamer, R. and Sutter, M. (2017), Second-Degree Moral Hazard In A Real-World Credence Goods Market. Economic Journal. [more]

Credence Goods on Stage


Univ.-Prof. Dr. Michael Kirchler
Deputy Speaker
Univ.-Prof. Dr. Rudolf Kerschbamer
Scientific Manager
Tobias Haller, PhD

Universität Innsbruck
Universitätsstraße 15
A-6020 Innsbruck

+43 512 507-70301

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