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...

Economic mechanisms related to the provision of product safety are explored, with particular attention paid to the structure of consumers' information. The case of perfect information, of experience goods (for which consumers detect product safety after consumption) and of credence goods (where...

We propose an analysis of international competion where a limited number of countries decide to cooperate on exchanges of an homogeneous good. We explain the reasons why such an agreement can be sustainable only if the cartel set up an importation tarif. However, the cartellisation, even with...

This paper analyses the main antitrust decisions in the agribusiness sector in Europe. First, legislation and economic principles are recalled. Then for input suppliers, farmers, manufacturers, and retailers, we give a brief presentation of the market structure and discuss the main competition...

This paper examines the impact of two different model specifications on welfare estimations. A model specification that takes into account product differentiation is compared to a specification where the product differentiation is overlooked. The welfare comparison under both specifications show...