TY - RPRT A1 - Pollrich, Martin A1 - Strausz, Roland T1 - The irrelevance of fee structures for certification T2 - Berlin School of Economics Discussion Papers N2 - In models of certification possible restrictions on the nature of the fee structures are commonly analyzed. We show that they are irrelevant for the certifier’s ability to maximize profits and trade efficiency. Our results establish that certification schemes involve two substitutable dimensions—the fee structure and the disclosure rule. In the context of a canonical unit good certification setup, these dimensions act as perfect substitutes for achieving trade efficiency and (monotone) distributions of rents; adjustments in the disclosure dimension can fully mitigate restrictions in the fee dimension, but these changes do affect market transparency. T3 - Berlin School of Economics Discussion Papers - 17 Y1 - 2023 UR - https://nbn-resolving.org/urn:nbn:de:kobv:b1570-opus4-49724 UR - https://berlinschoolofeconomics.de/insights/bse-discussion-papers U6 - https://doi.org/10.48462/opus4-4972 ET - No. 17 ER -