Experimental Economics , Limited Information , Search , Communication , Credence Goods
Abstract:
This thesis contains three self-contained articles, each studying decisions made under incomplete information among buyers with the help of experiments. While Chapter 2 and Chapter 3 study the interaction of buyers and sellers in different market settings, Chapter 4, which is joint work with Henrik Orzen, focuses on consumer decision making. Chapter 2 analyzes markets for horizontally differentiated credence goods in which competing sellers have the option to give buyers non-verifiable recommendations. In Chapter 3 I investigate the influence of better price information and the possibility to communicate among buyers on prices and welfare in posted offer markets with capacity constrained sellers. Chapter 4 seeks to identify decision making heuristics used by buyers in an environment with very limited information both from a one-shot perspective and over time.
Additional information:
Vollständiger Name: Momsen, Katharina Sabine
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