We use cartel theory to analyse the influence of common labelling in agricultural markets. An analytical framework of adverse selection where consumers are imperfectly informed about the quality of products is used to investigate the welfare effects of a cartel. In the absence of a cartel,...

Building on the empirical case of the EU-US trade dispute on hormone-treated beef an analytical framework, where consumers are imperfectly informed about the quality of imports, is used to investigate the welfare effect of trade liberalisation in the case of a credence good. Opening the domestic...