Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

Conventional evaluations of industry competitiveness tend to focus on a narrow range of production cost variables. Using these criteria, we would expect industries such as the Danish pork industry to be uncompetitive relative to the pork industries of Canada and the United States, given...

Given the credence nature of functional food attributes labelling plays a key role inallowing consumers to make informed choices about foods with enhanced health attributes.The degree to which a particular jurisdiction permits health claims for food products and the type of allowable health...

www.ifama.org

Food markets are increasingly characterized by an array of quality assurances with respect to credence attributes, reflecting a growing interest in where food comes from and how it is produced. The provision and signalling of these credence quality attributes includes both public and private...

The long-run commercial viability of ethanol production depends on the ability to access an inexpensive and reliable supply of inputs as well as finding stable markets for ethanol and its co-products. A unique feature of ethanol plants is their position at the intersection of multiple supply...

Traceability and authenticity issues have gained increasing prominence in food markets and create both opportunities and challenges for the food industry in providing credible information to consumers. Internal molecular tagging is an emerging technology with the potential to deliver...

Given the credence nature of food quality and food safety attributes, consumers rely on abstract systems of regulation as well as quality signals such as brands to make informed choices. Motivated by the need to further investigate what influences consumer confidence in credence attributes, this...