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The economics of geographical indications (GIs) is assessed within a vertical product differentiation framework that is consistent with the competitive structure of agriculture. It is assumed that certification costs are needed for GIs to serve as (collective) credible quality certification...
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We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price … signals which are correlated with the random price. We find that the impact of more transparency on labor employment and …
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We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in …-inefficiency of the price/quality offers. But, better price/quality combinations are signalled with lower prices in one type and with …
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