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On The Role Of Verifiability And Commitment In Credence Goods Markets
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Book Synopsis On the Role of Verifiability and Commitment in Credence Goods Markets by : Ting Liu
Download or read book On the Role of Verifiability and Commitment in Credence Goods Markets written by Ting Liu and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A client has a problem, but does not know whether it is serious or minor. She consults an expert who can correctly diagnose and fix her problem. This paper characterizes the equilibrium pricing and recommendation strategies of an expert under the assumptions that i) the type of treatment is verifiable by the client, ii) the client has the option of rejecting any treatment recommendation, and iii) the expert is not liable for the outcome of the treatment. It is found, for any parameter configuration, that there exist equilibria in which the expert makes fraudulent recommendations resulting in inefficient treatment. The market outcome is compared with that under an alternative market environment in which the expert is liable for treatment outcome but the type of treatment performed is non-verifiable. It is shown that for some parameter configurations the equilibrium is more efficient when liability is in place than when the treatment is verifiable. These findings stand in sharp contrast to the received wisdom that the market outcome under verifiability of treatment is efficient while the market outcome under liability for outcome is not. Finally, this paper shows that the existence of some honest experts may induce more fraudulent behavior by opportunistic experts.
Book Synopsis The Law and Religious Market Theory by : Jianlin Chen
Download or read book The Law and Religious Market Theory written by Jianlin Chen and published by Cambridge University Press. This book was released on 2017-10-12 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fresh descriptive and normative perspective on law and religion supported by comparative case studies of Greater China.
Book Synopsis Uncertainty and Reputation Effects in Credence Goods Markets by : Eric Schniter
Download or read book Uncertainty and Reputation Effects in Credence Goods Markets written by Eric Schniter and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis New Insights on Trust in Business-to-Business Relationships by : Houcine Akrout
Download or read book New Insights on Trust in Business-to-Business Relationships written by Houcine Akrout and published by Emerald Group Publishing. This book was released on 2019-08-15 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Insights on Trust in Business-to-Business Relationships provides readers with advanced original insights on trust antecedents, processes and consequences within the B2B marketing context and offers practical tools alongside suggestions for future research.
Book Synopsis Strategies in Markets for Experience and Credence Goods by : Men-Andri Benz
Download or read book Strategies in Markets for Experience and Credence Goods written by Men-Andri Benz and published by Springer Science & Business Media. This book was released on 2007-11-03 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The quality and characteristics of industrial and consumption goods are often not revealed until after consumption. However, the decision to buy these products must be made before buying. Many strategies and instruments for signalling and screening have been developed in the economic world in order to overcome potential market failure due to insufficient quality detection. In many situations, efficient incentives and quality revelation are given to the market players by contracts that structure the process and payments of the transaction.
Book Synopsis Reciprocity and Gift Exchange in Markets for Credence Goods by : Serhiy Kandul
Download or read book Reciprocity and Gift Exchange in Markets for Credence Goods written by Serhiy Kandul and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of reciprocity in markets for credence goods where expert-sellers have more information about the severity of a problem faced by a consumer. We employ a standard experimental credence goods market to introduce the possibility for consumers to gift expert-sellers before they choose the quality of the service and charge a price, where the gift is either transferred unconditionally or conditionally on solving the problem. Our results show that both types of gift reduce the likelihood of undertreatment, whereas an unconditional gift also decreases overcharging and increases undercharging. However, while gifting tends to benefit consumers facing a severe problem, it is not sufficient to reduce market inefficiencies associated with asymmetric information.
Book Synopsis Dimensions of Marketisation in Higher Education by : Peter John
Download or read book Dimensions of Marketisation in Higher Education written by Peter John and published by Routledge. This book was released on 2015-11-06 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dimensions of Marketisation in Higher Education is a critical analysis of the various dimensions of marketisation in a global context, exploring governance, policy, financial, ethical and pedagogical aspects. Bringing together a selection of influential authors who draw on the work of Roger Brown, the book is a timely examination of the impact that policies regulating cost, entry and practices in higher education can have on universities, students and academics. This book explores the tensions and dilemmas marketisation brings into the educational environment for academic leaders, managers and students, arguing that they can be managed through rebalancing the relation between the market and the educational dimensions. Key topics include: The economics of higher education Students in a marketised environment Regulating a marketised sector Marketisation and higher education pedagogies Universities’ futures. Unveiling nuanced and multifaceted perspectives and providing readers with collective and forward-thinking critical analyses, Dimensions of Marketisation in Higher Education will be an authoritative reference book on policy and practice, appealing to higher education leaders, managers and scholars worldwide.
Book Synopsis Regulating Public Services by : Emmanuelle Auriol
Download or read book Regulating Public Services written by Emmanuelle Auriol and published by Cambridge University Press. This book was released on 2021-10-21 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation is one of the tools used by governments to control monopolistic behaviour in the provision of public services such as electricity, transport or water. Technological and financial innovations have changed these public services markets since the 1990s, bringing new regulatory challenges, including technological and financial ones. This book demonstrates that basic regulatory theory and tools can address these new challenges, in addition to more traditional regulatory issues, both in developed and developing economies. The theory covered in the book is robust enough to guide regulators in multiple contexts, including those resulting from the effects of financial or political constraints, evolving market structures or the need to adapt to institutional weaknesses, climate change and poverty concerns that demand regulatory intervention. A bridge between theory and an evolving global practice, this book mobilizes the lessons of the past to analyse the future of economic regulation.
Download or read book Journal of Economic Literature written by and published by . This book was released on 2006 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis MARKETING RESEARCH by : Dr. Subhash Jagannath Jadhav
Download or read book MARKETING RESEARCH written by Dr. Subhash Jagannath Jadhav and published by Thakur Publication Private Limited. This book was released on 2023-11-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buy Marketing Research e-Book for Mba 2nd Semester in English language specially designed for SPPU ( Savitribai Phule Pune University ,Maharashtra) By Thakur publication.
Book Synopsis On Doctors, Mechanics and Computer Specialists by : Uwe Dulleck
Download or read book On Doctors, Mechanics and Computer Specialists written by Uwe Dulleck and published by . This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis CSR and Sustainability by : Michael Hopkins
Download or read book CSR and Sustainability written by Michael Hopkins and published by Routledge. This book was released on 2017-09-08 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Social Responsibility (CSR) is steadily moving from the margins to the mainstream across the spectrum of private companies, NGOs and the public sector. It has grown from being a concept embraced by a small number of companies such as The Body Shop in the early 1990s to a widespread global movement. At its weakest level, it is represented by a few philanthropic gestures by organizations but, when applied in its most complete form, it can steer the organization or sector to deliver a fully fledged, system-wide, multi-stakeholder operation, accompanied by multiple types of certification.For the first time, a book brings together key issues relating to CSR as they apply to different aspects of business; it is not another generalist title about CSR. Michael Hopkins, a leading expert in the field, is joined by a number of outstanding contributors to the book, to explain how CSR has evolved since the 1990s and to offer ground-breaking insights and practical and specific applications of the concept. For example, Mervyn King explains Integrating Reporting, Deborah Leipziger looks at the laws and standards for CSR, Branding and the Supply Chain, George Starcher provides a framework for Socially Responsible Restructuring, and Adrian Henriques explores Social Accounting and Stakeholder Dialogue.
Book Synopsis Advances in Advertising Research (Vol. 2) by : Shintaro Okazaki
Download or read book Advances in Advertising Research (Vol. 2) written by Shintaro Okazaki and published by Springer Science & Business Media. This book was released on 2011-06-21 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume grew out of research papers presented at the 9th ICORIA (International Conference on Research in Advertising) which was held at Universidad Autónoma de Madrid, Spain, on June 24-26, 2010. The conference involved advertising, communication, and marketing scholars located all over the world, thereby setting an example of diversity and plurality in our ICORIA community.
Book Synopsis Financial Cryptography and Data Security by : Andrew A. Adams
Download or read book Financial Cryptography and Data Security written by Andrew A. Adams and published by Springer. This book was released on 2013-10-01 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed post-conference proceedings of the workshop on Usable Security, USEC 2013, and the third Workshop on Applied Homomorphic Cryptography, WAHC 2013, held in conjunction with the 17th International Conference on Financial Cryptology and Data Security, FC 2013, in Okinawa, Japan. The 16 revised full papers presented were carefully selected from numerous submissions and cover all aspects of data security. The goal of the USEC workshop was to engage on all aspects of human factors and usability in the context of security. The goal of the WAHC workshop was to bring together professionals, researchers and practitioners in the area of computer security and applied cryptography with an interest in practical applications of homomorphic encryption, secure function evaluation, private information retrieval or searchable encryption to present, discuss, and share the latest findings in the field, and to exchange ideas that address real-world problems with practical solutions using homomorphic cryptography.
Book Synopsis The Puzzle of Latin American Economic Development by : Patrice Franko
Download or read book The Puzzle of Latin American Economic Development written by Patrice Franko and published by Rowman & Littlefield. This book was released on 2018-09-07 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thoroughly revised and updated, this foundational text provides the basic economic tools for students to understand the problems facing the countries of Latin America. In the fourth edition, Patrice Franko analyzes challenges to the neoliberal model of development and highlights recent macroeconomic changes in the region. Including charts and tables with the most current data available, the book also offers a wealth of new boxed discussions and vignettes.
Book Synopsis The Oxford Handbook of Political Consumerism by : Magnus Boström
Download or read book The Oxford Handbook of Political Consumerism written by Magnus Boström and published by . This book was released on 2019 with total page 953 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook is currently in development, with individual articles publishing online in advance of print publication. At this time, we cannot add information about unpublished articles in this handbook, however the table of contents will continue to grow as additional articles pass through the review process and are added to the site. Please note that the online publication date for this handbook is the date that the first article in the title was published online.
Download or read book Dumbing Down written by Magnus Henrekson and published by Springer Nature. This book was released on 2022-02-20 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book examines the challenges and issues caused by a move to a marketized education system in Sweden. Observing the introduction of the school voucher system and a postmodern social constructivist view of knowledge, the move away from objective knowledge is identified as the core reason for Sweden’s current education crisis. The impact of declining education standards on the labor market is also discussed. This book highlights the issues seen in Sweden and suggests policies that can improve education in the rest of the Western world as well. It will be relevant to students and researchers interested in education and labor economics.
