Availability of information has increased rapidly over the past decades. Yet, information on food safety is still considered problematic. Economists have extensively researched the effects of imperfect information. However, little attention has been paid to the institutional organization of the...

In this study, we develop a conceptual bioeconomic model of floriculture production with aesthetic benefits, wherein optimal decision rules depend on an intertemporal economic objective to maximize profits subject to economic and biological processes. Necessary conditions of the model identify...