Barry, I.; Bonroy, O.; Garella, P.G. - Laboratoire d'Économie Appliquée de Grenoble, … - 2014
This paper considers the effects of labels in a vertically differentiated duopoly. A label certifies the level of a product's measurable characteristic. It is shown that the certification label chosen by a private (for profit) certifier is lower than both the socially optimal and the firm's...