Babcock, Bruce Alan; Carriquiry, Miguel - Center for Agricultural and Rural Development (CARD), … - 2004
symmetrically
imperfect information.
Keywords: imperfect information, product quality, quality assurance, repeated
purchases … information about product
quality that can be provided to its potential customers. If the buyer decides to implement
a QAS, then … closely product quality and to delay the transition to the sec-
ond state. However, this has to be weighted against the costs …