ECONOMIC-IMPLICATIONS OF IMPERFECT QUALITY CERTIFICATION

被引:29
作者
DE, S [1 ]
NABAR, P [1 ]
机构
[1] SO METHODIST UNIV,EDWIN L COX SCH BUSINESS,DALLAS,TX 75275
关键词
D O I
10.1016/0165-1765(91)90067-U
中图分类号
F [经济];
学科分类号
02 ;
摘要
Imperfect but efficient third-party certification of unobserved product quality in a market under asymmetric information results in equilibrium outcomes which are very different from those implied by models of perfect certification and have a number of interesting economic implications.
引用
收藏
页码:333 / 337
页数:5
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