PUBLIC CERTIFICATION AND OPTIMAL LEVEL OF QUALITY STANDARD
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 안일태 | - |
dc.date.available | 2019-03-08T22:56:08Z | - |
dc.date.issued | 2014 | - |
dc.identifier.issn | 0254-8372 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/12787 | - |
dc.description.abstract | This paper analyzes public certification program where the government sets a quality standard and provides labels to sellers whose qualities are above the standard. Buyers are uninformed of sellers’ qualities without the program. We study an optimal level of quality standard or optimal ratio of labeling that maximizes the social welfare. We find that the optimal quality standard becomes higher or the optimal ratio of labeling decreases as the unit certification cost increases and the quality spread grows. We also examine two public certification programs. One is mandatory and the other is voluntary. We find that the social welfare under the mandatory program is higher than under the voluntary program if and only if the unit certification cost is sufficiently small and the quality spread is sufficiently large. | - |
dc.format.extent | 27 | - |
dc.publisher | 중앙대학교 경제연구소 | - |
dc.title | PUBLIC CERTIFICATION AND OPTIMAL LEVEL OF QUALITY STANDARD | - |
dc.title.alternative | PUBLIC CERTIFICATION AND OPTIMAL LEVEL OF QUALITY STANDARD | - |
dc.type | Article | - |
dc.identifier.doi | 10.35866/caujed.2014.39.4.003 | - |
dc.identifier.bibliographicCitation | Journal of Economic Development, v.39, no.4, pp 49 - 75 | - |
dc.identifier.kciid | ART001940181 | - |
dc.description.isOpenAccess | N | - |
dc.citation.endPage | 75 | - |
dc.citation.number | 4 | - |
dc.citation.startPage | 49 | - |
dc.citation.title | Journal of Economic Development | - |
dc.citation.volume | 39 | - |
dc.publisher.location | 대한민국 | - |
dc.subject.keywordAuthor | Quality Uncertainty | - |
dc.subject.keywordAuthor | Certification | - |
dc.subject.keywordAuthor | Label | - |
dc.subject.keywordAuthor | Optimal Quality Standard | - |
dc.subject.keywordAuthor | Quality Spread | - |
dc.description.journalRegisteredClass | kci | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
84, Heukseok-ro, Dongjak-gu, Seoul, Republic of Korea (06974)02-820-6194
COPYRIGHT 2019 Chung-Ang University All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.