EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/48873
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorStahl, Konraden_US
dc.contributor.authorStrausz, Rolanden_US
dc.date.accessioned2011-08-18en_US
dc.date.accessioned2011-08-30T12:54:57Z-
dc.date.available2011-08-30T12:54:57Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/48873-
dc.description.abstractWho does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and should be induced by the better informed party. The results are reflected in a case study from the automotive industry, but apply also to other markets - in particular the financial market.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 11-054en_US
dc.subject.jelD40en_US
dc.subject.jelD82en_US
dc.subject.jelL14en_US
dc.subject.jelL15en_US
dc.subject.ddc330en_US
dc.subject.keywordAsymmetric informationen_US
dc.subject.keywordcertificationen_US
dc.subject.keywordinformation acquisitionen_US
dc.subject.keywordinspectionen_US
dc.subject.keywordlemonsen_US
dc.subject.keywordmiddlemenen_US
dc.subject.keywordsignalingen_US
dc.subject.stwNormungen_US
dc.subject.stwProduktqualitäten_US
dc.subject.stwAsymmetrische Informationen_US
dc.subject.stwKundenen_US
dc.subject.stwKostenen_US
dc.subject.stwSignallingen_US
dc.subject.stwKraftfahrzeugindustrieen_US
dc.titleWho should pay for certification?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn66634552Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:zewdip:11054-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

Files in This Item:
File Description SizeFormat
66634552X.pdf525.37 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.