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The Value of Certification: Evidence...

Yu, Dan.

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The Value of Certification: Evidence From the U.S. Organic Food Market.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	The Value of Certification: Evidence From the U.S. Organic Food Market./
作者:	Yu, Dan.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2023,
面頁冊數:	81 p.
附註:	Source: Dissertations Abstracts International, Volume: 85-01, Section: A.
Contained By:	Dissertations Abstracts International85-01A.
標題:	Sustainability. -
電子資源:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30567443
ISBN:	9798379953553

The Value of Certification: Evidence From the U.S. Organic Food Market.
Yu, Dan.

The Value of Certification: Evidence From the U.S. Organic Food Market. - Ann Arbor : ProQuest Dissertations & Theses, 2023 - 81 p.

Source: Dissertations Abstracts International, Volume: 85-01, Section: A.

Thesis (Ph.D.)--University of Minnesota, 2023.

This item must not be sold to any third party vendors.

Consumers may value some costly production procedures that improve sustainability without affecting the observed quality of products. Without credible disclosure, consumers cannot distinguish products compliant with these procedures from others, giving rise to a lemons problem and potentially inhibiting efficient trade. This dissertation explores whether third-party certification provides an effective solution to this problem in the context of the U.S. food market. This dissertation finds that consumers are willing to pay between 4 and 116% of a product's price for organic certification. Consistent with the theory that certification provides otherwise unverifiable information, estimates of the willingness to pay across product types covary negatively with the predictability of organic certification using other product characteristics. Results from the counterfactual analysis suggest a decrease in consumer welfare from removing the organic certification program, equivalent to 0.05% of total spending on organic products.

ISBN: 9798379953553Subjects--Topical Terms:

1029978
Sustainability.
Subjects--Index Terms:

Consumers

The Value of Certification: Evidence From the U.S. Organic Food Market.
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