We analyze the role of trust in the evaluation of a new food technology, namely nanotechnology. A literature review in the social and economic sciences reveals that many different trust concepts are available. The economics literature suggests that trust can lead to lower efforts of...

This paper analysis Competition among sellers over either price negotiation or price posting in the framework of a search model under imperfect information about quality.

Under Cournot and Bertrand cases, cartel stability is investigated in a context of adverse selection, where consumers are imperfectly informed about the products quality. Producers' collusion may be necessary to signal quality via a third-party certification or a price. In particular, cases with...

Dans un modele d'anti-selection sur la qualite, ca papier analyse la politique d'affichage de prix d'un intermediaire, qui propose un prix d'achat aux vendeurs et un prix de revente aux acheteurs. Nous montrons que la situation de monopole d'un intermediaire qui ne sait pas distinguer les...

Focusing on the issue of food safety, the authors consider a framework of repeated purchases where adverse selection from imperfect information on product quality exists. Countries are characterized by their unequal ability to control quality.