In markets with quality unobservable to buyers, third-party certification is often the only instrument to increase … transparency. While both sellers and buyers have a demand for certification, its role differs fundamentally: sellers use it for … signaling, buyers use it for inspection. Seller induced certification leads to more transparency, because it is informative …

inefficient. Certification intermediaries are institutions that provide information about quality to buyers. The amount of …

This paper provides an economic evaluation of certification and ecolabeling as an important policy instrument for … biodiversity (and environmental friendly) market supply and demand mechanisms; (c) the impact of certification practices in the … certification and ecolabeling policy instruments alone are not sufficient to guarantee a successful creation of markets for …

Skies. The results show that certification is an agent of change in farmer-agro-business relations. Building trust and …

convince consumers of the high quality of its products. Alternatively, a firm can rely on external certification of the quality … external certification. We also show that the potential to signal quality is improved if consumers condition their beliefs on … the source of information, namely whether information comes from external certification or from random detection. …