作者：Bauer, Ingrid; Parra-Moyano, Jose; Schmedders, Karl; Schwabe, Gerhard
作者单位：University of Zurich; Copenhagen Business School; International Institute for Management Development (IMD); University of Zurich
摘要：Markets in which similar goods of different qualities are sold suffer from information asymmetries and their negative consequences. Dealers have established themselves, and mediate these markets through their use of quality signals. While these signals help to mitigate information asymmetries, these markets still function well below their optimum: a large share of goods sold are overpriced, and most of the benefits are reaped by intermediaries. In this paper we build on prior research that pro...
