Add to ORKGA model of expected utility maximization and a stochastic health production function are used to show how consumer's beliefs, the certainty of beliefs, and the presence of information affects demand for goods as they are driven by the demand for health. Then, it is shown that competitive markets fail to account for the health implications of substances in the production of a commodity that affects health, nor are incentives provided to inform consumers of substance concentrations and its implications to health. This result is shown to not necessarily follow in concentrated industries. Finally, conditions are derived whereby a benevolent government, in the absence of rent seeking, chooses optimal levels of information and taxes to attai...
In this paper, we carry out a theoretical analysis of the strategic choice made by firms regarding t...
In the growing market of health food, certain disturbances occur, such as uneven quality of products...
The authors highlight that contemporary social and economic processes require development of a new p...
A model of expected utility maximization and a stochastic health production function are used to sho...
Discusses the financial implications of maintaining acceptable levels of food safety. The case of BS...
The modern theory of demand which underlies much of economic analysis of consumer behavior is based ...
Food-borne infections cause a considerable amount of illnesses, heavily affecting healthcare systems...
In this paper, we value food safety in a nonhypothet ica l se t t ing--exper imenta l auction market...
The “trust” attribute of health food has intensified the serious information asymmetry problem in th...
There has been surprisingly little research to date on the supply-side role of food manufacturers on...
As consumer preferences rapidly evolve with respect to health-related attributes of food, many have ...
This paper analyzes how the implementation of a food safety standard affects firms' strategic behavi...
The rise in obesity and other food-related chronic diseases has prompted public-health officials of ...
Quality measures, effecting external or internal markets; large or small, has an impact on trade. Th...
Developing an effective communication strategy about different food hazards depends not only on tech...
In this paper, we carry out a theoretical analysis of the strategic choice made by firms regarding t...
In the growing market of health food, certain disturbances occur, such as uneven quality of products...
The authors highlight that contemporary social and economic processes require development of a new p...
A model of expected utility maximization and a stochastic health production function are used to sho...
Discusses the financial implications of maintaining acceptable levels of food safety. The case of BS...
The modern theory of demand which underlies much of economic analysis of consumer behavior is based ...
Food-borne infections cause a considerable amount of illnesses, heavily affecting healthcare systems...
In this paper, we value food safety in a nonhypothet ica l se t t ing--exper imenta l auction market...
The “trust” attribute of health food has intensified the serious information asymmetry problem in th...
There has been surprisingly little research to date on the supply-side role of food manufacturers on...
As consumer preferences rapidly evolve with respect to health-related attributes of food, many have ...
This paper analyzes how the implementation of a food safety standard affects firms' strategic behavi...
The rise in obesity and other food-related chronic diseases has prompted public-health officials of ...
Quality measures, effecting external or internal markets; large or small, has an impact on trade. Th...
Developing an effective communication strategy about different food hazards depends not only on tech...
In this paper, we carry out a theoretical analysis of the strategic choice made by firms regarding t...
In the growing market of health food, certain disturbances occur, such as uneven quality of products...
The authors highlight that contemporary social and economic processes require development of a new p...