Ecolabels and The Economic Recession

Jibonayan Raychaudhuri and Ada Wossink

Economics Discussion Paper Series from Economics, The University of Manchester

Abstract: We consider products that vary in socio-economic quality, reflected in different eco-labels, like carbon, organic and fair trade. We find that in violation of traditional price theory, the expenditure shares on organic products declined while the expenditure shares of fair trade products increased. We evaluate alternative psychological models of decision making (a salience model and a model of reputation signalling) both of which give a plausible account of our empirical results.

JEL-codes: C32 D12 Q31 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:man:sespap:1807

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