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which both certification and trademarks are available. Shapiro’s (1983) model of reputation is extended to reflect both … collective and firm-specific reputations, and this framework is used to study certification and trademarks for food products with … with asymmetric information and moral hazard problems, credible certification schemes reduce the cost of establishing …
Persistent link: https://www.econbiz.de/10009020576
certification costs, certification that fully reveals information makes high quality producers better off, but make the entire … industry worse off. In this case, the benefit from the revelation of the quality does not outweigh certification costs and the … rather than full revelation for some values of the certification costs. …
Persistent link: https://www.econbiz.de/10005522327
Persistent link: https://www.econbiz.de/10009020984
Over the past decade the global agri-food industry has come under increasing attack by advocacy groups related to their production and marketing processes (Bowmar and Gow, 2009). Advocacy groups have used these attacks to exploit the growing intergenerational disconnect between consumers and...
Persistent link: https://www.econbiz.de/10009024954
Persistent link: https://www.econbiz.de/10010916009
This article analyzes the incentives and compensation problems faced by cellulosic ethanol producer and logging firms and the consequent impact on the organization of the wood based cellulosic ethanol industry in the US. The success of this relationship is central to setting up the biofuel...
Persistent link: https://www.econbiz.de/10009020756
regulations on seed certification, labeling and packaging seek to remedy this problem, such regulations are often difficult to …
Persistent link: https://www.econbiz.de/10011068918
It has bee suggested by many authors that adverse selection in government schemes for the procurement of ecosystem services impairs both the efficiency of these schemes and the value for money that they deliver to taxpayers and funding agencies. However, recent research considers that these...
Persistent link: https://www.econbiz.de/10011070126
Using a unique dataset of maize samples and consumer interviews form Eastern Kenya, we find that the presence of the fungal contaminant aflatoxin is negatively associated with the use of maize flour for food. While food remains the most common use of maize regardless of the presence of the...
Persistent link: https://www.econbiz.de/10010880861
Many important food quality and safety attributes are unobservable at the point of sale, particularly in informal markets with weak reputation effects. Through a framed field experiment conducted in western Kenya, we show that farmers place a large premium on maize they have grown themselves,...
Persistent link: https://www.econbiz.de/10010881007