This paper outlines challenges for the cannabis industry in Germany in light of the internationally accelerating legalization of the drug for medical and recreational use. As handling of active substances in Europe and especially in Germany is strictly regulated, thorough documentation of all...

Increasing fish consumption along with rising competition in the global seafood market has brought fisheries and aquaculture producers to adopt several differentiation and marketing strategies. Labelling schemes were thus introduced to respond to a growing demand for traceable and sustainable...

Carbon footprint (CF) labels on agri-food products represent one of the most important tools to convey information to consumers about the greenhouse gases emissions associated with their purchase behaviour.

Die zunehmende Digitalisierung hat zu einem starken Wachstum der Plattformökonomie beigetragen. Online-Vermittlungsplattformen ermöglichen Verbrauchern/innen eine professionelle Interaktion zum Austausch von Gütern und Dienstleistungen. Eines der bekanntesten Geschäftsmodelle dieses...

Asymmetric information is a classic example of market failure that undermines the efficiency associated with perfectly competitive market outcomes: the "lemons" market. Credible certification, that substantiates unobservable characteristics of products that consumers value, is often considered a...

We study the informed-principal problem in a bilateral asymmetric information trading setting with interdependent values and quasi-linear utilities. The informed seller proposes a mechanism and voluntarily certifies information about the good's characteristics. When the set of certifiable...

We examine the impact of food labels that make unsupported claims of food safety and labels that provide information to support such claims on consumer choices and examine consumers’ willingness to pay for beef products with these different food safety labeling cues. Empirical results from a...

Technology innovations, and their supporting enabling environment, have the potential to support positive food system transformation. This report, developed by the World Economic Forum in collaboration with McKinsey & Company, focuses on the potential of emerging technologies to improve...

Fairtrade certification is intended to improve both the income and living conditions of producers, thereby creating more fairness in international trade. However, theoretical considerations and empirical studies show that this goal is only achieved to a limited extent, at least for coffee:...