Purpose: This paper aims to investigate the role of certification in providing information and reducing market inefficiencies when the “certification process is imperfect”. In the setting, eco-labels imperfectly signal environmental product quality to consumers where the error in the...

The Indian government imposed a ceiling on the price of Bt cotton seeds in 2006. This paper aims to analyze the effect of such price intervention on the diffusion of Bt cotton in India. Using three variations of dynamic logistic models, diffusion paths in nine major cotton growing states from...

We assess the supply-side economic implications of introducing a strict mandatory labeling policy for genetically modified (GM) food in India as proposed in 2006. We apply our analysis to the case of cottonseed oil and soybean oil, two products that would be the first affected by such...