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Journal Articles Journal of Economics and Management Strategy Year : 2012

Joint private safety standards and vertical relation ships in food retailing

Abstract

In recent years, it has become common for downstream firms to impose Joint Private Standards (JPSs) on upstream producers. In this paper, we present an original model of a vertical relationship, explaining the incentives for and the effects of such JPSs with an example concerning food safety. The risk of a food crisis is endogenously determined. Using the concept of cartel stability (d’Aspremont et al., 1983), it is shown that liability rules are crucial for JPSs to emerge, that a JPS can become a minimum quality standard, and that a more stringent JPS does not necessarily reduce the market risk.

Dates and versions

hal-02642600 , version 1 (28-05-2020)

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Eric E. Giraud-Heraud, Abdelhakim Hammoudi, Ruben Hoffmann, Louis Georges Soler. Joint private safety standards and vertical relation ships in food retailing. Journal of Economics and Management Strategy, 2012, 21 (1), pp.179-212. ⟨10.1111/j.1530-9134.2011.00320.x⟩. ⟨hal-02642600⟩

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