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The information asymmetries inherent in credence goods have typically led economists to conclude these markets require well-defined quality standards and third-party verification that producers are meeting those standards. Nonetheless, many producers of credence goods appear to be opting out of...
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Although it is generally accepted that consumer confidence measures are informative signals about the state of the … imperfectly informed central banks include confidence measures in their information set. The beneficial welfare effects are …
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