Competition and Misconduct in Certification Markets with Externalities
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Vehicle inspectionscommonly known as smog and safety checksare often delegated to private agents, much like other quality certification markets. When these agents compete, they face incentives to misreport qualityespecially when consumers do not internalize the external costs of misreporting. Theory
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美国国家经济研究局创建时间：
2026-07-01
