Insurance causes costs of services to rise
Tuesday, June 28, 2016 - 10:11
in Health & Medicine
Dishonesty not only damages relation between human beings, it can also have a devastating effect on the economy. Scientists from the University of Cologne and the University of Innsbruck in Austria have now found out that in markets for credence goods—markets that require a high degree of trust—there are also strong incentives for dishonest behavior.