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Free Competition and the Optimal Amount of Fraud

Darby, Michael R., Karni, Edi·1973·The Journal of Law and Economics

DOI 10.1086/466756

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“Based on Nelson [60,61], Darby and Karni [55] define credence goods as those goods whose level of quality of an attribute can never be determined by the average consumer [65–67].”
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“implicit classification as credence goods – goods for which the quality is unknown even after consumption (Darby and Karni, 1973).”
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Authors: Darby, M. R., & Karni, E.
ORCID: Darby, Michael R.
Venue: The Journal of Law and Economics
Publisher: University of Chicago Press
Published: 1973-04
Volume: 16
Issue: 1
Pages: 67-88
ISSN: 0022-2186 (ISSN-L)
1537-5285
DOI: 10.1086/466756
OpenAlex: W2086888884
Cited by: 3,947
References: 0
Citations by year: 2026: 167 · 2025: 101 · 2024: 101 · 2023: 124 · 2022: 130 · 2021: 133 · 2020: 144 · 2019: 134 · 2018: 153 · 2017: 131 · 2016: 166 · 2015: 166 · 2014: 172 · 2013: 178 · 2012: 203
FWCI: 13.55
Type: journal article
Language: en
Open access: closed
Locations: The Journal of Law and Economics (publishedVersion)
bepress Legal Repository (submittedVersion)
Topics: Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Law, Economics, and Judicial Systems
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Legal and Constitutional Studies
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Merger and Competition Analysis
Keywords: fraud, free competition, fraud deterrence, market competition

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