Endogenous expert advice through labelling contests for credence goods

Paul Schweinzer, Beatrice Roussillon

Research output: Working paper

Abstract

We propose a simple theory of labelling for goods with a credence aspect. Provision of labels can be seen as a public good. The theory seems to be similarly applicable to advertising and applies to many industries.
Original languageEnglish
Number of pages22
Publication statusIn preparation - 2011

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