Ramachandran, Vandana; Viswanathan, Siva; Gosain, Sanjay - Smith School of Business, University of Maryland; Smith …; … - 2007
Secondary markets have adopted a number of quality signaling mechanismssuch as certification to reduce information asymmetries between buyersand sellers in these markets. However the importance and value of thesesignals depends on the nature and extent of information asymmetries.With the growth...
