We investigate the impact of self-organized reputation versus certification by an independent institution on demand for …

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. …

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. …

producers of credence goods appear to be opting out of certification. Why? This paper builds in previous research and develops a … effectiveness of certification. I find the degree to which a consumer trusts the producer of a credence good and the certification … important effects on certification-based regulation. …