Information and Markets for Credence Goods

The final chapter in my dissertation considers how imperfect information about credence goods impacts consumer welfare. Since consumers do not notice a change in quality of a credence good, a non-optimal consumption choice is made which impacts consumer welfare. I develop a framework to account for the welfare effects of consumer uncertainty and imperfect information of changes in product quality of credence goods. In doing so, the research also provides a measure for the value of information.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Brouhle, Keith Richard

Contributors dc:contributor

• Brueckner, Jan K.

• Business Administration, Marketing

Language dc:language

eng

Identifier

(MiAaPQ)AAI3153255

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/85547