Informative Certification: Screening vs. Acquisition

Join us for an online research talk exploring how certifiers shape markets when sellers hold private information about product quality. The presentation examines two channels of certification - screening existing (soft) information and generating new (hard) information - and shows why profit-maximizing certifiers fully screen sellers while strategically limiting hard information. The speaker will also discuss how information policies differ for low- and high-quality sellers and present comparative statics using power value functions.

The event will be held online via Zoom. Please join using this link