| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A GAME THEORETIC APPROACH TO ORGANIC FOODS: AN ANALYSIS OF ASYMMETRIC INFORMATION AND POLICY
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| Autores: |
McCluskey, Jill J.
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| Data: |
2003-06-19
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| Ano: |
2000
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| Palavras-chave: |
Demand and Price Analysis
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| 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.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
10223
http://purl.umn.edu/31334
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| Editor: |
AgEcon Search
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| Relação: |
Agricultural and Resource Economics Review>Volume 29, Number 1, April 2000
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| Formato: |
9
application/pdf
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