Since 2014
Credence goods, consumers’ trust in regulation and high quality exports
Bio-based and Applied Economics
View Archive Info| Field | Value | |
| Title |
Credence goods, consumers’ trust in regulation and high quality exports
|
|
| Creator |
Cuffaro, Nadia; University of Cassino. Department of Economics and Law
Di Giacinto, Marina; University of Cassino. Department of Economics and law |
|
| Subject |
Quality; Regulation; Credence Goods
L15; F13;O12 |
|
| Description |
We analyze the impact of the effectiveness of internal regulation for the development of internal and export markets for credence goods, focusing on food products, particularly for a developing country which is an exporter (or a potential exporter). In the model, since goods of actual different quality can be sold as high quality goods, expected quality is a function of consumers’ beliefs about the effectiveness of regulation. Foreign consumers, who cannot observe foreign regulation as closely as domestic ones, may partly base their expectations on the level of development of the exporting country. Low effectiveness, negative stereotype and low consumers’ trust may cause a failure in the market for high quality, and there may be a trap of underdevelopment and no high quality exports. The main policy implications are that increasing the effectiveness of regulation improves export prospects; standard setting and enforcement by external actors, such as supermarkets, or NGOs in the case of certain niche markets, is likely to be beneficial.
|
|
| Publisher |
Bio-based and Applied Economics
Bio-based and Applied Economics |
|
| Contributor |
—
|
|
| Date |
2015-06-21
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
|
| Format |
application/pdf
text/html |
|
| Identifier |
http://www.fupress.net/index.php/bae/article/view/14511
http://www.fupress.net/index.php/bae/article/download/14511/15836 http://www.fupress.net/index.php/bae/article/download/14511/15830 10.13128/BAE-14511 |
|
| Source |
Bio-based and Applied Economics; Vol 4, No 2 (2015); 179-197
Bio-based and Applied Economics; Vol 4, No 2 (2015); 179-197 2280-6172 2280-6180 |
|
| Language |
eng
|
|
| Relation |
10.13128/BAE-14511
10.13128/BAE-14511 |
|