About

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.

Upcoming Events

• 28.11.18 | Antonio FILIPPIN | University of Milan
  Topic: Risk Aversion and Information Aggregation in Asset Markets
• 05.12.18 | Ingvild ALMAS | IIES Stockholm University
  Topic: tba

• 16.01.19 | Holger HERZ | University of Fribourg
  Topic: tba
• 23.01.19 | Marc VORSATZ | UNED
  Topic: Guessing games in networks

Related Publications

Kirchler, M., Lindner, F., Weitzel, U. (2018), Rankings and risk-taking in the finance industry. Journal of Finance (forthcoming). [more]

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]

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

Participating Institutions

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