Are You a Doctor or a Quack? Provision of Quality and Self-Regulation in a Market for Professional Services

Sestini Roberta
CEIS Working Papers
This paper aims at analysing the behaviour of sellers in a market for an experience good where it is not feasible to credibly signal quality through prices. Due to a different level of the initial investment in human capital, firms are distinguished into
Number: 167
Date: Monday, April 1, 2002
Revision Date: Monday, April 1, 2002