Maarten JANSSEN: Regulating Product Communication
143
Высшая школа экономики94.4 тыс
Следующее
02.08.19 – 77559:16Популярные
05.04.23 – 1 42210:58
30.12.22 – 4 2502:09Опубликовано 2 августа 2019, 15:14
Maarten JANSSEN
University of Vienna, Austria
Information regulation that penalizes deceptive communication by firms can have significant unintended consequences. We consider a market where competing firms communicate private information about product quality through a combination of pricing and direct communication (such as advertising or labelling) and where quality claims communicated directly may be deliberately false. A higher fine for lying reduces the reliance on price signalling, thereby lowering market power and consumption distortions; however, it may create competitive incentives for excessive disclosure.
Low fines are always worse than no fines. High fines are welfare improving only if (truthful) disclosure itself is rather inexpensive. Generally, high and low-quality firms may both be worse off under fines on false claims.
More about the conference: conf.hse.ru/en/2019
University of Vienna, Austria
Information regulation that penalizes deceptive communication by firms can have significant unintended consequences. We consider a market where competing firms communicate private information about product quality through a combination of pricing and direct communication (such as advertising or labelling) and where quality claims communicated directly may be deliberately false. A higher fine for lying reduces the reliance on price signalling, thereby lowering market power and consumption distortions; however, it may create competitive incentives for excessive disclosure.
Low fines are always worse than no fines. High fines are welfare improving only if (truthful) disclosure itself is rather inexpensive. Generally, high and low-quality firms may both be worse off under fines on false claims.
More about the conference: conf.hse.ru/en/2019
Свежие видео
1 день – 2 1350:59
2 дня – 141 23026:57
2 дня – 8 4291:17
2 дня – 2 1541:01
3 дня – 1 3751:46
5 дней – 13 8591:39Случайные видео
121 день – 1 08822:57
326 дней – 2 5340:23
361 день – 5 06027:04
06.07.22 – 3 8854:11
07.02.11 – 6410:24
2 дня – 12 2281:07:51
2 дня – 2 2070:54
3 дня – 9 74948:04
4 дня – 1 7585:50
7 дней – 7 3410:15
9 дней – 13 84638:12
