Dinopoulos, Elias; Livanis, Grigorios T.; West, Carol - 2005
risky product. The model is used to analyze the welfare effects of trade with and without a country-of-origin labeling (COOL …) program. Assuming imports are less safe than domestic production, the welfare gains from trade in the absence of COOL are … ambiguous and may justify the imposition of a trade ban. Even if a full ban does not improve welfare, some restriction of trade …