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Eco-Labels as a Signal of Quality

Using a canonical model of signaling, we show that if the cost of organic viticulture is strictly increasing in the quality dimension, then the use of eco-labels as a signal for quality cannot possibly occur as an equilibrium outcome. Conditions for the existence of such a signalling equilibrium as well as some general properties regarding its configuration are herein characterized. (JEL Classification: L15, L66, M3)
Year of publication:
2011
Authors: Kwong, Lester M.K.
Published in:
Journal of Wine Economics. - Cambridge University Press. - Vol. 6.2011, 02, p. 179-192
Publisher: Cambridge University Press
Description of contents: Abstract [journals.cambridge.org]
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10011121475
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