IMPACT OF INFORMATION ON THE DEMAND FOR CREDENCE CHARACTERISTICS

Terhi Latvala and Jukka Kola

International Food and Agribusiness Management Review, 2003, vol. 05, issue 2, 12

Abstract: 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?

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifaamr:34531

DOI: 10.22004/ag.econ.34531

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