Certification and MarketTransparency
dc.contributor.author | Stahl, Konrad | |
dc.contributor.author | Strausz, Roland | |
dc.date.accessioned | 2017-06-16T01:04:11Z | |
dc.date.available | 2017-06-16T01:04:11Z | |
dc.date.created | 2014-09-12 | |
dc.date.issued | 2014-09-03 | |
dc.date.submitted | 2014-09-03 | |
dc.identifier.issn | 1860-5664 | |
dc.identifier.uri | http://edoc.hu-berlin.de/18452/5180 | |
dc.description.abstract | We provide elementary insights into the effectiveness of certification to increase market transparency. In a market with opaque product quality, sellers use certification as a signaling device, while buyers use it as an inspection device. This difference alone implies that seller-certification yields more transparency and higher social welfare. Under buyer-certification profit maximizing certifiers further limit transparency, but because seller-certification yields larger profits, active regulation concerning the mode of certification is not needed. These findings are robust and widely applicable to, for instance, patents, automotive parts, and financial products. | eng |
dc.language.iso | eng | |
dc.publisher | Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | Market Transparency | eng |
dc.subject | Certification | eng |
dc.subject | Information and Product Quality | eng |
dc.subject | Asymmetric Information | eng |
dc.subject.ddc | 310 Sammlungen allgemeiner Statistiken | |
dc.subject.ddc | 330 Wirtschaft | |
dc.title | Certification and MarketTransparency | |
dc.type | workingPaper | |
dc.identifier.urn | urn:nbn:de:kobv:11-100220196 | |
dc.identifier.doi | http://dx.doi.org/10.18452/4528 | |
local.edoc.pages | 44 | |
local.edoc.type-name | Diskussionspapier | |
local.edoc.container-type | series | |
local.edoc.container-type-name | Schriftenreihe | |
local.edoc.container-year | 2014 | |
dc.identifier.zdb | 2195055-6 | |
bua.series.name | Sonderforschungsbereich 649: Ökonomisches Risiko | |
bua.series.issuenumber | 2014,41 |