Browsing Department of Business and Management Science by Subject "adverse selection"
Now showing items 1-2 of 2
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Segmentation and pricing behavior in a market for certification
(Discussion paper, Working paper, 2002-11)The paper offers a simple theory of pricing behavior in certification markets. The basis for the theory is that certifiers offer differentiated tests; for an object of given quality it may be more difficult to pass the ... -
A theory of certification with an application to the market for auditing services
(Discussion paper, Working paper, 2004-08)The paper develops a theory which attempts to understand segmentation and fee-setting in certification markets. The basis for the theory is that certifiers offer differentiated tests; for a given object it may be more ...