Topic: `credence-goods`

4 entries tagged credence-goods.

Rules (1)

rule Rule: concede the credence-good problem; make marketing as inspectable as possible

Reference entries (3)

reference Design-build / custom-residential leading edge — $1M+ buyer pays for design, which is itself a credence good
reference Marketing services are a near-paradigmatic credence good for a GC buyer
reference Darby & Karni (J Law Econ 1973) — "credence good": quality consumers never discover even after consumption