TY  - JOUR
TI  - <p class="text">Measurement Costs and Efficiency of Intermediaries at Market of Credence Goods</p>
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - cost
KW  - the market of consumer goods
KW  - quality of goods
KW  - commodity market
KW  - mode of the logarithmically normal law of distribution
AB  - 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.
AU  - Maria Yudkevich
UR  - https://ej.hse.ru/en/1998-2-3/26549462.html
PY  - 1998
SP  - 358-378
VL  - 2