Optimal Regulation in the Presence of Reputation Concerns
收藏NBER2012-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17898
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资源简介：
We study a market with free entry and exit of firms who can produce high-quality output by making a costly but efficient initial unobservable investment. If no learning about this investment occurs, an extreme "lemons problem" develops, no firm invests, and the market shuts down. Learning introduces
提供机构：
美国国家经济研究局
创建时间：
2012-03-01
