Fear of rejection? Tiered certification and transparency
نویسندگان
چکیده
منابع مشابه
Fear of Rejection? Tiered Certification and Transparency
The sub-prime crisis has shown a harsh spotlight on the practices of securities underwriters, which provided too many complex securities that proved to ultimately have little value. This uproar calls attention to the fact that the literature on intermediaries has carefully analyzed their incentives, but that we know little about the broader strategic dimensions of this market. The paper explore...
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We provide elementary insights into the effectiveness of certification to increase market transparency. In a market with opaque product quality, sellers use certification as a signaling device, while buyers use it as an inspection device. This difference alone implies that seller-certification yields more transparency and higher social welfare. Under buyer-certification profit maximizing certif...
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Fear of rejection--monitoring the heart-transplant recipient.
Among patients undergoing heart transplantation, a fundamental clinical concern is the risk of rejection of the new organ. Although modern immunosuppressive regimens have reduced the incidence of rejection substantially, about one quarter of recipients will still have a rejection episode requiring treatment during the first year after transplantation.1 Acute rejection is the cause of 12% of dea...
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In most cases authors are permitted to post their version of the article (e.g. in Word or Tex form) to their personal website or institutional repository. Authors requiring further information regarding Elsevier's archiving and manuscript policies are encouraged to visit: a b s t r a c t a r t i c l e i n f o People use many cues to infer the likelihood of acceptance or rejection in intergroup ...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2013
ISSN: 0741-6261
DOI: 10.1111/1756-2171.12033