@ARTICLE{26543120_26549462_1998, 
	author = {Maria Yudkevich}, 
	keywords = {, cost, the market of consumer goods, quality of goods, commodity marketmode of the logarithmically normal law of distribution},
	title = {<p class="text">Measurement Costs and Efficiency of Intermediaries at Market of Credence Goods</p>},
	journal = {HSE Economic Journal },
	year = {1998},
	volume = {2},
	number = {3},
	pages = {358-378},
	url = {https://ej.hse.ru/en/1998-2-3/26549462.html},
	publisher = {},
	abstract = {This work is devoted to the process of formation of the institution of intermediaries in the market of trust goods in a situation where the existing distribution of costs of measuring the quality of goods is inefficient and creates incentives for the manifestation of opportunistic behavior on the part of sellers.&nbsp; Special attention is paid to the influence of information asymmetry on the structure and value of measurement costs.&nbsp;As an example, the market of computer equipment is considered.},
	annote = {This work is devoted to the process of formation of the institution of intermediaries in the market of trust goods in a situation where the existing distribution of costs of measuring the quality of goods is inefficient and creates incentives for the manifestation of opportunistic behavior on the part of sellers.&nbsp; Special attention is paid to the influence of information asymmetry on the structure and value of measurement costs.&nbsp;As an example, the market of computer equipment is considered.}
}