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certification costs, certification that fully reveals information makes high quality producers better off, but make the entire … industry worse off. In this case, the benefit from the revelation of the quality does not outweigh certification costs and the … rather than full revelation for some values of the certification costs. …
Persistent link: https://www.econbiz.de/10009442899
information gap, consumers can rely on certification that ensures the quality and origin of the goods. Certification can be … analyze the certification decision of the club and its welfare implication. We find that for intermediate values of … certification costs, the industry and a club of a given size have divergent incentives, and there may be overprovision of …
Persistent link: https://www.econbiz.de/10005579469
gap, consumers can rely on standards (e.g., certification) that ensure quality and origin of the goods. These costly …. We find that for intermediate values of certification costs, the industry and a club of a given size of certified …
Persistent link: https://www.econbiz.de/10005786235
Jasmine rice farm households in adopting GI certification. Primary data of 370 Thai Jasmine rice farm households were … farm households to adopt GI certification. …
Persistent link: https://www.econbiz.de/10010880427
factors contributing to merchandisers’ salaries and their interest in establishing a certification process. Interestingly …
Persistent link: https://www.econbiz.de/10009368385
Livestock producers can respond to increasing consumer demand for certain production process attributes by providing verifiable information on the practices used. Consumer willingness to pay data were used to inform producer decision-making regarding selection of verification entities for four...
Persistent link: https://www.econbiz.de/10008489904
Existing empirical evidence suggests that farm animal welfare may not be a top-of-mind issue for many consumers in North America. Nevertheless, there is pressure from animal welfare groups on food retailers and processors to implement more stringent requirements for their suppliers. Is the...
Persistent link: https://www.econbiz.de/10005459668
certification compared to conventional coffee was analyzed by independen t-test. Increased production of arabica coffee could be …
Persistent link: https://www.econbiz.de/10011167686
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …-induced certification acts as an inspection device, whence seller-induced certification acts as a signalling device. Seller …-induced certification maximizes the certifier's profit and social welfare. This suggests the general principle that certification is, and …
Persistent link: https://www.econbiz.de/10003975228
Certifiers contribute to the sound functioning of markets by reducing a symmetric information. They, however, have been heavily criticized during the 2008-09 financial crisis. This paper investigates on which side of the market a monopolistic profit-maximizing certifier offers his service. If...
Persistent link: https://www.econbiz.de/10008822613