Data/hora: 10/06/2024 12:07:35

Provedor de dados: | 31
País: | United States
Título: | A GAME THEORETIC APPROACH TO ORGANIC FOODS: AN ANALYSIS OF ASYMMETRIC INFORMATION AND POLICY
Autores: | McCluskey,   Jill J.
Data: | 2003-06-19
Ano: | 2000
Palavras-chave: | Demand and Price Analysis.
Resumo: | Demand for healthy, safe and environmentally friendly food products has been increasing. In response, producers are marketing organic and other quality-differentiated foods, sometimes claiming to have followed sound environmental and animal welfare practices. These products frequently have unobservable quality attributes. If the profit-maximizing producer is able to deceive the consumer with a false claim, then he or she will enjoy a higher price with lower production costs (compared to the full disclosure outcomes). The analysis described in this paper shows that repeat-purchase relationships and third party monitoring are required for high-quality credence goods to be available. Policy implications of this analysis for national organic food standards are discussed.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

10223

http://purl.umn.edu/31334

Editor: | AgEcon Search
Relação: | Agricultural and Resource Economics Review&gt;Volume 29, Number 1, April 2000

Formato:

9

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