| 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: |
1999-07-29
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| Ano: |
1999
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| Palavras-chave: |
Credence goods
Organic foods.
Agricultural and Food Policy
Food Consumption/Nutrition/Food Safety
L15
Q13
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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 profitmaximizing 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 outcome). 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: |
Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/123706
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| Relação: |
Australian Agricultural and Resource Economics Society>2000 Conference (44th), January 23-25, 2000, Sydney, Australia
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| Formato: |
33
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