-induced certification acts as an inspection device, whence seller-induced certification acts as a signalling device. Seller …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …-induced certification maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and …

-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer … maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and should be …

-induced certification acts as an inspection device, whence seller-induced certification acts as a signalling device. Seller …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …-induced certification maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and …

acquisition ; inspection ; lemons ; middlemen ; signaling …-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

acquisition ; inspection ; lemons ; middlemen ; signaling …-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer … maximizes the certifier’s profit and social welfare. This suggests the general principle that certification is, and should be …

-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer … maximizes the certifier’s profit and social welfare. This suggests the general principle that certification is, and should be …

-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer … maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and should be …

-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer … maximizes the certifier’s profit and social welfare. This suggests the general principle that certification is, and should be …

--induced certification acts as an inspection device, whence seller--induced certification acts as a signalling device. Seller …Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …--induced certification maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and …