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Two-sided Certification: The market for Rating Agencies
Fasten, Erik R.; Hofmann, Dirk - Volkswirtschaftliche Fakultät, … - 2010
Certifiers contribute to the sound functioning of markets by reducing a symmetric information. They, however, have been heavily criticized during the 2008-09 financial crisis. This paper investigates on which side of the market a monopolistic profit-maximizing certifier offers his service. If...
Persistent link: https://www.econbiz.de/10010556723
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Informational opacity and honest certification
Pollrich, Martin; Wagner, Lilo - Volkswirtschaftliche Fakultät, … - 2014
This paper studies the interaction of information disclosure and reputational concerns in certification markets. We …
Persistent link: https://www.econbiz.de/10010929706
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The Credibility of Certifiers
Stolper, Anno - Volkswirtschaftliche Fakultät, … - 2011
It is often argued that certifiers have an incentive to offer inflated certificates, although they deny it. In this paper, we study a model in which a certifier is paid by sellers, and may offer them inflated certificates, but incurs costs if doing so. We find that the certifier may face a...
Persistent link: https://www.econbiz.de/10009399602
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Separating Equilibria with Imperfect Certification
Strausz, Roland - Volkswirtschaftliche Fakultät, … - 2010
Viscusi (1978) shows how, in markets with quality uncertainty, perfect certification results in separation from top … down due to an unraveling process similar to Akerlof (1970). De and Nabar (1991) argue that imperfect certification …' buying decision explicitly, a separating equilibrium with imperfect certification does exist. …
Persistent link: https://www.econbiz.de/10008543010
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La certification durable des agrocarburants: compatibilité de la proposition européenne avec les règles de l'OMC
PONS, Emilie - Volkswirtschaftliche Fakultät, … - 2008
focuses on the European Commission's decision to submit biofuels to sustainable certification for those later being eligible …
Persistent link: https://www.econbiz.de/10005035002
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Salient Trends in Organic Standards: the Opportunities and Challenges for Developing Countries
Giovannucci, Daniele - Volkswirtschaftliche Fakultät, … - 2006
An overview of the fundamental issues in the production, trade and regulation of organic products. It notes the changing consumer and trade environments that are driving organics beyond the realm of niche products toward an increasingly relevant position among other important agricultural...
Persistent link: https://www.econbiz.de/10005621486
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Essays in Applied Microeconomics
Buehler, Benno - Volkswirtschaftliche Fakultät, … - 2010
sellers’ rents. Chapter 4 compares certification to a minimum quality standard (MQS) policy when some consumers cannot discern …
Persistent link: https://www.econbiz.de/10008914242
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Trends in the Trade of Certified Coffees
Giovannucci, Daniele; Pierrot, Joost; Kasterine, Alexander - Volkswirtschaftliche Fakultät, … - 2010
The coffee segment that is known as sustainable has grown much faster than nearly any other industry segment in the past decade. It is difficult to understand both the market trends and the impacts of these coffees and it is therefore difficult for producers, industry and even consumers to make...
Persistent link: https://www.econbiz.de/10008765906
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Сертификационните схеми в хранителния сектор - инструмент на устойчиво производство (Certification scheme in food sector - instrument for sustainable production)...
Ivanova, Daniela; Vasileva, Elka; Tipova, Nina; … - Volkswirtschaftliche Fakultät, … - 2013
. Certification schemes are one of the most common policy instruments used for promoting sustainable production and consumption. A … total 90 producers in food sector were asked about motivation for certification, the challenges and outcomes of … certification. The survey provides information on existing certification schemes (system certification and products certification …
Persistent link: https://www.econbiz.de/10011196417
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Honest Certification and the Threat of Capture
Strausz, Roland - Volkswirtschaftliche Fakultät, … - 2004
strong implications for the industrial organization of certification markets: 1) Honest certification requires high prices … that may even exceed the static monopoly price. 2) Honest certification exhibits economies of scale and constitutes a …
Persistent link: https://www.econbiz.de/10005785822