WorkNet_NoLegend The SFB F 63 "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. and Sutter, M. (2017), Second-Degree Moral Hazard In A Real-World Credence Goods Market. Economic Journal. [more]

Kerschbamer, R., Sutter, M. and Dulleck, U. (2017), How Social Preferences Shape Incentives in (Experimental) Markets for Credence Goods. Economic Journal. [more]

Kerschbamer, R., Neururer, D. and Sutter, M. (2016), Insurance Coverage Induces Dishonesty of Sellers in Markets for Credence Goods. PNAS. [more]

Kirchler, M., Huber, J., Stefan, M. and Sutter, M. (2016), Market design and moral behavior. Management Science. [more]

Kirchler, M., Lindner, F., Weitzel, U. (2016), Rankings and risk-taking in the finance industry. [more]

Kleinlercher, D., Huber, J., Kirchler, M. (2014), The impact of different incentive schemes on asset prices. European Economic Review 68: 137-150.

Credence Goods on Stage


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

Universität Innsbruck
Universitätsstraße 15
A-6020 Innsbruck

+43 512 507-70301