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| Carriquiry, Miguel A.; Babcock, Bruce A.; Carbone, Roxana. |
| New quality assurance systems (QASs) are being put in place to facilitate the flow of information about agricultural and food products. But what constitutes a proper mix of public and private efforts in setting up QASs is an unsettled question. A better understanding of private sector incentives for setting up such systems will help clarify what role the public sector might have in establishing standards. We contribute to this understanding by modeling the optimal degree of "stringency" or assurance in a processor's quality control system over procurement of agricultural output when there exists uncertainty about quality. Our model addresses two questions: (1) Should a buyer of agricultural outputs implement a QAS as a way to gain and provide information... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Food products; Price premium; Product differentiation; Quality assurance; Production Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/18450 |
