Heyder, Matthias; Hollmann-Hespos, Thorsten; Theuvsen, … - International European Forum on System Dynamics and … - 2009
Markets for agricultural and food products are characterized by high information asymmetries since producers … such as food safety, nutritional value or region of origin. Such credence attributes can result in market failure due to a … lack of credible information in the market (Akerlof 1970). As a result, attempts to protect consumers against food hazards …