The International Food and Agribusiness Management Review · 2003 · 27 citations · 11 references
BusinessAgricultural EconomicsBusiness EconomicsDecision TheoryFood PolicyFood SafetyAsymmetric InformationConsumer Food ChoiceInformation AsymmetryInformation Asymmetry In MarketsInformation EconomicsValue Of InformationConsumer Food InformationFood Choice Under RiskFood Choice Under UncertaintyFood Labeling EconomicsMeat Quality EconomicsPublic Choice InstitutionsSafety Information DisclosureStated Preference Analysis
Most quality properties of food products can be considered as credence characteristics, quality of which cannot be inferred before the purchase, and sometimes not even after the purchase. Our objectives are: (1) To assess how much consumers are willing to pay (WTP) for meat products, of which e.g. origins and production practices are known, especially with regard to safety issues; (2) To compare the applicability, reliability, and efficiency of safety information provided by either private companies or public institutions, and (3) to explore the possibility of the so-called information paradox: is more information always better - or more beneficial - information?
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Free Competition and the Optimal Amount of Fraud
Michael R. Darby, Edi Karni · The Journal of Law and Economics · 1973 · 3.8K citations