This paper studies interactions between dishonest firms, skeptical consumers, and regulations, and it finds that higher penalty for false statements can reduce consumer surplus, firm profits, and w...

中文翻译：

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监管欺骗性广告：虚假主张和怀疑的消费者

本文研究了不诚实的公司，持怀疑态度的消费者和法规之间的相互作用，并发现对虚假陈述的更高处罚可以减少消费者剩余，公司利润和经营成本。