[경제학과] 3월 14일 BK 목요세미나 안내
- 진하은
- 2024-03-11
3월 14일 16시 30분에 예정된 목요세미나 일정 안내드립니다.
이번 주 목요일에 있을 세미나는 Dmitry Shapiro 교수님께서 발표해주실 예정입니다.
장소는 경영관 33503호에서 진행될 예정이니 많은 관심과 참여 부탁드립니다.
세부 일정 및 내용은 다음과 같습니다.
- 일시: 2024년 3월 14일 (목) 16:30~17:45
- 장소: 경영관 33503호
- 발표자: Dmitry Shapiro 교수님 (서울대학교)
- 주제: Noisy Product Certification in Duopoly: Theory and Experiment
- Abstract: This paper investigates the impact of inaccurate certification technology on seller profits in a duopoly market with unobservable product quality. We identify two key effects of inaccurate certification. First, it blurs the informativeness of certification outcomes, homogenizing buyers’ beliefs and hindering product differentiation. Second, it softens competition intensity, as buyers’ uncertainty about similar products can introduce a form of product differentiation. When buyers are risk neutral, the negative impact of reduced information outweighs the potential benefits of softened competition. However, when buyers are loss averse, the first effect weakens, which boosts profits under inaccurate certification. Experimentally, treatments with inaccurate certification are more profitable than those with accurate certification, particularly in settings with intense competition.