Hattori, Keisuke; Higashida, Keisaku - In: Information Economics and Policy 28 (2014) C, pp. 1-14
This paper examines the relationship between misinformation about product quality and quality standards, such as … health/safety aspects. We investigate the welfare effect of regulating misinformation and strengthening MQSs. We find that … the welfare effect of a decrease in misinformation crucially depends on the existing amount of misinformation; moreover, a …