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We argue that although halal certification could potentially reduce the high transaction costs related to buying … Islamic financial products, in practice these costs are just replaced by transaction costs relating to the certification … itself. It takes considerable time (2–3 months) and money (USD 122.000) to obtain a halal certification. Partially, this is …
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In recent years, researchers have observed the process of mainstreaming Fair Trade and the emergence of alternative sustainability standards in the coffee industry. The underlying market dynamics that have contributed to these developments are, however, under-researched. Insight into these...
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