|
|
|
|
|
| Langinier, Corinne; Babcock, Bruce A.. |
| Consumers are in general less informed than producers about the quality of agricultural goods. To reduce the information gap, consumers can rely on standards (labels, certifications, geographic indications) that insure quality and origin of the goods. However, these standards do not always fully reveal information. Some of them may just signal that the good is more likely to be of high quality. We investigate what kind of standards are most desirable for producers, and for society in general knowing that any system is costly to implement. One of our findings is that for intermediate values of certification costs, certification that fully reveals information makes high quality producers better off, but make the entire industry worse off. In this case, the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Asymmetric information; Certification; Clubs; Quality.; Consumer/Household Economics; L11; L15; D82; D71. |
| Ano: 2005 |
URL: http://purl.umn.edu/19510 |
| |
|
| |
|
|
|
