Skip to content

Research at St Andrews

Optimal quality certification

Research output: Working paperDiscussion paper

Author(s)

School/Research organisations

Abstract

Quality certification not only informs consumers, but also stimulates producers to supply better quality products. We study a problem of quality certification in a moral hazard setting. We show that, under standard assumptions, simple certification systems, such as quality assurance rule and pass-fail rule, are optimal. Our solution method involves interpreting the certification problem as a delegation problem.
Close

Details

Original languageEnglish
Place of PublicationSt Andrews
PublisherUniversity of St Andrews
Number of pages16
Publication statusPublished - 21 Oct 2019

Publication series

NameSchool of Economics and Finance Discussion Paper
PublisherUniversity of St Andrews
No.1904
ISSN (Print)0962-4031
ISSN (Electronic)2055-303X

    Research areas

  • Certification, Bayesian persuasion, Information disclosure, Information design, Delegation, Moral hazard, Career concerns

Discover related content
Find related publications, people, projects and more using interactive charts.

View graph of relations

Related by author

  1. Robust sequential search

    Schlag, K. & Zapechelnyuk, A., 4 Aug 2020, St Andrews: University of St Andrews, 58 p. (School of Economics and Finance Discussion Paper; no. 1803).

    Research output: Working paperDiscussion paper

  2. Optimal quality certification

    Zapechelnyuk, A., 1 Jun 2020, In: American Economic Review: Insights. 2, 2, p. 161-176

    Research output: Contribution to journalArticlepeer-review

  3. Job search costs and incentives

    Zapechelnyuk, A. & Zultan, R., 10 Sep 2019, In: Economic Theory Bulletin. First Online

    Research output: Contribution to journalArticlepeer-review

  4. Persuasion of a privately informed receiver

    Kolotilin, A., Mylovanov, T., Zapechelnyuk, A. & Li, M., 4 Dec 2017, In: Econometrica. 85, 6, p. 1949-1964

    Research output: Contribution to journalArticlepeer-review

  5. Optimal allocation with ex post verification and limited penalties

    Mylovanov, T. & Zapechelnyuk, A., Sep 2017, In: American Economic Review. 107, 9, p. 2666-2694

    Research output: Contribution to journalArticlepeer-review

ID: 262624249

Top