EconPapers    
Economics at your fingertips  
 

Reputations, Market Structure, and the Choice of Quality Assurance Systems in the Food Industry

Miguel Carriquiry and Bruce Babcock

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: Many food traits desired by consumers are costly to provide and difficult to verify. A complicating factor is that delivered quality can only be affected stochastically by producers and imperfectly observed by consumers. Markets for these goods will emerge only if supplying firms can be trusted. We develop a repeated purchases model to explore how quality discoverability, market structure, nature of reputations, market premiums, and discount factors drive firm choice about the stringency of quality assurance systems designed to gain consumer trust. Reputation protection is key incentive for firms to invest in high-quality goods and quality assurance systems.

Date: 2007-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... 4e2c01204eb9/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
Journal Article: Reputations, Market Structure, and the Choice of Quality Assurance Systems in the Food Industry (2007) Downloads
Working Paper: Reputations, Market Structure, and the Choice of Quality Assurance Systems in the Food Industry (2005) Downloads
Working Paper: Reputations, Market Structure, and the Choice of Quality Assurance Systems in the Food Industry (2004) Downloads
Working Paper: Reputations, Market Structure, and the Choice of Quality Assurance Systems in the Food Industry (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:200701010800001396

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2025-03-30
Handle: RePEc:isu:genstf:200701010800001396