About

The SFB F63 "Credence Goods, Incentives and Behavior" is a joint research project including the project part leaders Loukas Balafoutas, Esther Blanco, Jürgen Huber, Rudolf Kerschbamer, Michael Kirchler, 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.

Supported by:

Upcoming Events

• March 10, 12pm | Dorothea KÜBLER | WZB
  Topic: Repugnant transactions: The role of agency and extreme consequences
• March 18, 2pm | Jianpei LI | University of International Business and Economics
  Topic: Efficient Liability in Expert Markets
• April 1, 3pm | Mona GROSS | University of Cologne
  Topic: Physician Altruism
• April 15, 3pm | Giovanni URSINO | Catholic University of Milan
  Topic: Beliefs, Credence Goods and Information Campaigns
• April 21, 3pm | Tim CASON | Purdue University
  Topic: Contingent Reasoning and Dynamic Public Goods Provision
• April 28, 2pm | Marco PAGNOZZI | University of Naples Federico II
  Topic: Projection of Private Values in Auctions

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

Participating Institutions

Department of Banking and Finance
Department of Economics
Department of Public Finance
Research platform "Empirical and Experimental Economics"