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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2014.1
- 수록면
- 49 - 75 (27page)
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This paper analyzes public certification program where the government sets a quality standard and provides labels to sellers whose qualities are above the standard. Buyers are uninformed of sellers’ qualities without the program. We study an optimal level of quality standard or optimal ratio of labeling that maximizes the social welfare. We find that the optimal quality standard becomes higher or the optimal ratio of labeling decreases as the unit certification cost increases and the quality spread grows. We also examine two public certification programs. One is mandatory and the other is voluntary. We find that the social welfare under the mandatory program is higher than under the voluntary program if and only if the unit certification cost is sufficiently small and the quality spread is sufficiently large.
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참고문헌 (12)
참고문헌 신청
Akerlof, G. A. / 1970 / The Market for ‘Lemons’: Qualitative Uncertainty and Market Mechanism / Quarterly Journal of Economics 84 (3) : 488 ~ 500
Board, O. / 2009 / Competition and Disclosure / Journal of Industrial Economics 57 (1) : 197 ~ 213
Crespi, J. M. / 2001 / How should Food Safety Certification be Financed? / American Journal of Agricultural Economics 83 (4) : 852 ~ 861
Crespi, J. M. / 2003 / Some Economic Implications of Public Labeling / Journal of Food Distribution Research 34 (3) : 83 ~ 94
Dranove, D. / 2010 / Quality Disclosure and Certification: Theory and Practice
Board, O. / 2009 / Competition and Disclosure / Journal of Industrial Economics 57 (1) : 197 ~ 213
Crespi, J. M. / 2001 / How should Food Safety Certification be Financed? / American Journal of Agricultural Economics 83 (4) : 852 ~ 861
Crespi, J. M. / 2003 / Some Economic Implications of Public Labeling / Journal of Food Distribution Research 34 (3) : 83 ~ 94
Dranove, D. / 2010 / Quality Disclosure and Certification: Theory and Practice
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