In markets with quality unobservable to buyers, third-party certification is often the only instrument to increase … transparency. While both sellers and buyers have a demand for certification, its role differs fundamentally: sellers use it for … signaling, buyers use it for inspection. Seller induced certification leads to more transparency, because it is informative …

the implementability of (monotone) distributions of rents. The irrelevance results exploit that certification schemes …

We consider a monopolistic certifier selling certification services to a partially privately informed seller. The …

In models of certification possible restrictions on the nature of the fee structures are commonly analyzed. We show … certification schemes involve two substitutable dimensions-the fee structure and the disclosure rule. In the context of a canonical … unit good certification setup, these dimensions act as perfect substitutes for achieving trade efficiency and (monotone …

's usefulness in estimating the share of true SEPs in firm patent portfolios for several mobile telecommunication standards. We find …

. A natural experiment that took place in a high school offers an unusual opportunity to test this effect in a real …

that the labeling and earmarking effect can decrease the perceived tax burden for the test persons which results in a …