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来源类型Working Paper
规范类型报告
DOI10.3386/w23696
来源IDWorking Paper 23696
Regulation of Charlatans in High-Skill Professions
Jonathan B. Berk; Jules H. van Binsbergen
发表日期2017-08-21
出版年2017
语种英语
摘要We model a market for a skill that is in short supply and high demand, where the presence of charlatans (professionals who sell a service that they do not deliver on) is an equilibrium outcome. We use this model to evaluate the standards and disclosure requirements that exist in these markets. We show that reducing the number of charlatans through regulation decreases consumer surplus. Although both standards and disclosure drive charlatans out of the market, consumers are worse off because of the resulting reduction in competition amongst producers. Producers, on the other hand, strictly benefit from the regulation, implying that the regulation we observe in these markets likely derives from producer interests. Using these insights, we study the factors that drive the cross-sectional variation in charlatans across professions. Professions with weak trade groups, skills in larger supply, shorter training periods and less informative signals regarding the professional's skill, are more likely to feature charlatans.
主题Microeconomics ; Households and Firms ; Financial Economics ; Financial Markets ; Other ; Law and Economics ; Industrial Organization ; Regulatory Economics
URLhttps://www.nber.org/papers/w23696
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581369
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GB/T 7714
Jonathan B. Berk,Jules H. van Binsbergen. Regulation of Charlatans in High-Skill Professions. 2017.
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