Welcome to the Innsbruck Winter School on Credence Goods, Incentives and Behavior

March 9-15, 2024


ProgramCourse Lecturers & Topics

We are delighted to announce the 2024 edition of the Innsbruck Winter School on Credence Goods, Incentives and Behavior. The course will focus on theoretical, experimental and behavioral approaches towards analyzing the economic implications of credence goods and will be taught by Rudolf Kerschbamer (University of Innsbruck) and Loukas Balafoutas (University of Exeter / University of Innsbruck). In addition, special sessions on selected topics in Environmental and Behavioral Economics/Finance will be held by Axel Ockenfels (University of Cologne / MPI for Research on Collective Goods), Esther Blanco (University of Innsbruck) and Markus Walzl (University of Innsbruck).

The purpose of this course is to provide students with the tools needed to analyze key determinants of individual behavior and market performance in credence goods markets (with a wide definition of credence goods), such as markets for health care, repair and legal services, as well as markets for financial advice and fund management. In addition, science as a credence good, metasciences approaches, and nudging are subjects of the course.

The course will take place at the Hotel Inntalerhof**** in Mösern in the centre of a picturesque mountain village close to Innsbruck (accommodation and half-board included). Generous time-slots in between the scientific sessions will enable participants to network with scholars and other students while enjoying the various winter sport activities and using opportunities to connect with other researchers in this area. 

Part of the program will be the two-day workshop Innsbruck Winter Summit – (Un)Ethical Behavior in Markets. Keynotes will be given by Antonio Cabrales (Universidad Carlos III de Madrid) and Axel Ockenfels (University of Cologne / MPI for Research on Collective Goods).

© Region Seefeld / Burnz Neuner / Moritz Klee / Charly Schwarz / Inntalerhof


The Winter School will be held from Saturday, March 9 until Friday, March 15 and will cover the following topics:

  • Theoretical foundations of credence goods
  • The method of running laboratory and field experiments in the social sciences
  • Credence goods and laboratory/field experiments
  • Market design
  • Label credence goods
  • Green behavior
  • Credence goods and environmental aspects

The scientific program starts on Saturday afternoon and ends on Friday after lunch. More details can be found here.

Course Lecturers & Topics



Field evidence on credence goods and fraud

Loukas Balafoutas
University of Exeter / University of Innsbruck



Behavioral Market Design

Axel Ockenfels
University of Cologne / MPI for Research on Collective Goods



Theory and lab evidence on credence goods and fraud

Rudolf Kerschbamer
University of Innsbruck



Green Behavior

Esther Blanco
University of Innsbruck



Label Credence Goods

Markus Walzl
University of Innsbruck


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