Collective Reputation, Professional Regulation and Franchising

Preprint OPEN
Robert Evans; Timothy W Guinnane;
  • Subject: Quality regulation, Licensing, Collective reputation, Reputational externality, Franchising
    • jel: jel:L44 | jel:L43

Collective reputation and its associated free-rider problem have been invoked to justify state licensing of professions and to explain the incidence of franchising. We examine the conditions under which it is possible to create a Pareto-improving collective reputation a... View more
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