| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3033 |
| DP3033 Foreigners Trading and Price Effects Across Firms | |
| Magnus Dahlquist; Göran Robertsson | |
| 发表日期 | 2001-10-23 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | In recent years various contributions have analyzed the credence goods problem under a wide variety of assumptions yielding equilibria exhibiting various degrees of inefficiencies and fraud. The variety of results has fostered the impression that the equilibrium behaviour of experts and consumers in credence goods markets sensitively depends on the details of the models. The present Paper shows that the results for the majority of the specified models can be reproduced in a very simple unifying framework. Our model is constructed so that an efficient solution is reached if a small number of critical assumptions are satisfied, and virtually all existing results on inefficiencies in the credence good market are obtained by relaxing one of these conditions. Existing results are generalized, some previous interpretations of the forces leading to the striking differences in outcomes are questioned, and a new source for inefficiencies is identified. |
| 主题 | Industrial Organization |
| 关键词 | Credence goods Experts Fraud |
| URL | https://cepr.org/publications/dp3033 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532056 |
| 推荐引用方式 GB/T 7714 | Magnus Dahlquist,Göran Robertsson. DP3033 Foreigners Trading and Price Effects Across Firms. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
