Published September 1980
| Accepted Version
Working Paper
Open
Toward a Theory of Professional Diagnosis and Service: Consumer Behavior
- Creators
-
Plott, Charles R.
- Wilde, Louis L.
Chicago
An error occurred while generating the citation.
Abstract
A model is developed for situations in which consumers depend upon producers of a good or service for information which has an impact on their demand. Nonsupply sources of information do not exist and consumers are forced to rely on comparisons between suppliers as their only check on potential fraud. The optimal search strategies are characterized and some of the implications for the resulting patterns of advice are analyzed.
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Accepted Version - towards_20a_20theor_20of_20professional_20diagnosis_20and_20service.pdf
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towards_20a_20theor_20of_20professional_20diagnosis_20and_20service.pdf
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Additional details
- Eprint ID
- 44141
- Resolver ID
- CaltechAUTHORS:20140304-164416349
- Created
-
2014-03-27Created from EPrint's datestamp field
- Updated
-
2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 352