Quality Disclosure and Certification: Theory and Practice
Dranove first author. A review of the theoretical and empirical literature on quality disclosure and certification, with particular focus on healthcare, education and finance. It asks why sellers do not disclose voluntarily through unravelling and whether mandating disclosure is desirable given that they do not, and whether certifiers acting as intermediaries necessarily report unbiased and accurate information. It is a map of the field rather than a result.
Dranove first author. A review of the theoretical and empirical literature on quality disclosure and certification, with particular focus on healthcare, education and finance. It asks why sellers do not disclose voluntarily through unravelling and whether mandating disclosure is desirable given that they do not, and whether certifiers acting as intermediaries necessarily report unbiased and accurate information. It is a map of the field rather than a result.
Written from the abstract read 2026-10-18.
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Dranove, D., & Jin, G. Z. (2010). Quality Disclosure and Certification: Theory and Practice. Journal of Economic Literature, 48(4), 935-963. doi:10.1257/jel.48.4.935.