Competition in markets for credence goods
Article Abstract:
Credence goods are goods which are sold be people who decide what the needs of clients are, for example medical services. These markets should be analysed since they are often licensed by public authorities. Fraud may be present in these markets even though there is also competition. Experts who also sell in these markets are able to set prices, and can benefit from higher prices, and expected customer surplus is not maximised by equilibrium.
Publisher: Verlag J.C.B. Mohr (Germany)
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1995
Analysis, Markets (Economics), Institutional economics
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1995
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Custom, capitalism and the state: the origins of insecure land tenure in West Africa
Article Abstract:
The examples of Ghana and Cote d'Ivoire are used as case studeis for proprty rights theories.
Publisher: Verlag J.C.B. Mohr (Germany)
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2000
Economics, Research and Development in the Social Sciences and Humanities, Economic aspects, Right of property, Property rights, West Africa
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 2000
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