A model of self-regulation

被引:20
作者
Núñez, J [1 ]
机构
[1] Univ Chile, Dept Econ, Santiago, Chile
关键词
self-regulation; quality regulation;
D O I
10.1016/S0165-1765(01)00521-3
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyses reputation-based incentives for self regulation from a principal-agent perspective. We find scant incentive to monitor quality and expose fraud in self regulation. However, public parallel regulation can enhance the incentives to monitor quality and reduce fraud. (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:91 / 97
页数:7
相关论文
共 5 条
[1]   Credence goods and fraudulent experts [J].
Emons, W .
RAND JOURNAL OF ECONOMICS, 1997, 28 (01) :107-119
[2]   QUACKS, LEMONS, AND SELF-REGULATION - A WELFARE ANALYSIS [J].
GEHRIG, T ;
JOST, PJ .
JOURNAL OF REGULATORY ECONOMICS, 1995, 7 (03) :309-325
[3]   PRICE AND ADVERTISING SIGNALS OF PRODUCT QUALITY [J].
MILGROM, P ;
ROBERTS, J .
JOURNAL OF POLITICAL ECONOMY, 1986, 94 (04) :796-821
[4]   GOOD-NEWS AND BAD NEWS - REPRESENTATION THEOREMS AND APPLICATIONS [J].
MILGROM, PR .
BELL JOURNAL OF ECONOMICS, 1981, 12 (02) :380-391
[5]   CONSUMER INFORMATION, PRODUCT QUALITY, AND SELLER REPUTATION [J].
SHAPIRO, C .
BELL JOURNAL OF ECONOMICS, 1982, 13 (01) :20-35