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Extension of the SFB for another 4 years

After a positive evaluation, the SFB F63 on "Credence Goods, Incentives and Behavior" will be extended by four years until February 2025. The Austrian Science Fund FWF is funding the special research area with a further four million euros.

The SFB consists of the principal investigators Michael Kirchler, Jürgen Huber (both from the Faculty of Business and Management) and Loukas Balafoutas, Esther Blanco, Rudolf Kerschbamer and Markus Walzl (all from the Faculty of Economics and Statistics). In their new projects, they focus on credence goods with "labels." "Labels" or certificates are, for example, organic products or products that are meant to signal socially or environmentally sustainable investments. The problem here is that consumers don't know whether the products are really organic or the investments are indeed socially or environmentally sustainable, even after they buy it. Moreover, the process of scientific knowledge generation is also investigated in the label credence goods perspective (e.g., replication studies, crowd science approaches), as the same properties - asymmetric information between researchers and readers/editors about the reproducibility of scientific knowledge - exist. With the help of theoretical modelling, laboratory and field experiments, the approximately 30 members of the SFB are working in this area in the upcoming four years.


We congratulate you on the extension of the project and look forward to gaining more insight into your work at future meetings.

 

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