On labels, competition and process attributes - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement
Article Dans Une Revue Farm Policy Journal Année : 2009

On labels, competition and process attributes

Résumé

The demand for products differentiated by process attributes, such as "green" products, has increased. One of the specificities of these goods is that only the seller knows the production process used. Generally such asymmetric information leads to market failure, and market signals such as reputation or advertising are inefficient. In this context, governments may implement public labels in order to inform consumers on the attributes of products. In this paper, the author discusses the effect of labels on markets, in particular on producers' strategies. He concludes that depending on the market configurations, labelling may increase competition.
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Dates et versions

hal-02657761 , version 1 (30-05-2020)

Identifiants

  • HAL Id : hal-02657761 , version 1
  • PRODINRA : 37535

Citer

Olivier Bonroy. On labels, competition and process attributes. Farm Policy Journal, 2009, 6 (4), pp.43-47. ⟨hal-02657761⟩

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