Dinopoulos, Elias; Livanis, Grigorios; West, Carol - In: International Review of Economics & Finance 19 (2010) 4, pp. 575-589
This paper develops a partial-equilibrium model of a small open-economy trading an unsafe product. The model is used to analyze the welfare effects of trade with and without a country-of-origin labeling (COOL) program. The welfare gains from trade in the absence of COOL are ambiguous, may...