认证
透明度(行为)
业务
质量(理念)
利润(经济学)
会计
产业组织
微观经济学
经济
计算机科学
计算机安全
管理
哲学
认识论
作者
Konrad Stahl,Roland Strausz
标识
DOI:10.1093/restud/rdw064
摘要
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.
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