Konstantinos, Giannakas; Nicholas, Kalaitzandonakes; … - In: Journal of Agricultural & Food Industrial Organization 9 (2011) 1, pp. 1-47
This paper develops a model of heterogeneous consumer preferences and imperfectly competitive suppliers to analyze the market and welfare effects of purity standards for non-GM food products. Analytical results show that purity standards affect the equilibrium prices and quantities of both the...