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- W2597157070 abstract "The information asymmetries inherent in credence goods have typically led economists to conclude these markets require well-defined quality standards and third-party verification that producers are meeting those standards. Nonetheless, many producers of credence goods appear to be opting out of certification. Why? This paper builds in previous research and develops a theoretical framework to think about how producers’ motivation and relationships with consumers affect the necessity and effectiveness of certification. I find the degree to which a consumer trusts the producer of a credence good and the certification standard that governs it, and the degree to which the producer is motivated to produce a good of a certain quality, both have important effects on certification-based regulation." @default.
- W2597157070 created "2017-03-23" @default.
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- W2597157070 date "2015-01-01" @default.
- W2597157070 modified "2023-09-23" @default.
- W2597157070 title "Lending Credence: Motivation, Trust and Organic Certification" @default.
- W2597157070 hasPublicationYear "2015" @default.
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