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Impact Of Information On The Demand For Credence Characteristics

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  • Latvala, Terhi
  • Kola, Jukka

Abstract

Most quality properties of food products can be considered as credence characteristics, quality of which cannot be inferred before the purchase, and sometimes not even after the purchase. Our objectives are: (1) To assess how much consumers are willing to pay (WTP) for meat products, of which e.g. origins and production practices are known, especially with regard to safety issues; (2) To compare the applicability, reliability, and efficiency of safety information provided by either private companies or public institutions, and (3) to explore the possibility of the so-called information paradox: is more information always better - or more beneficial - information?

Suggested Citation

  • Latvala, Terhi & Kola, Jukka, 2003. "Impact Of Information On The Demand For Credence Characteristics," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 5(2), pages 1-12.
    • Handle: RePEc:ags:ifaamr:34531
    DOI: 10.22004/ag.econ.34531
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    References listed on IDEAS

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    1. Rodríguez, Elsa Mirta M. & Lupín, Beatriz & Lacaze, María Victoria, 2006. "Incidencia de los atributos de calidad en las percepciones y elecciones de los consumidores de alimentos orgánicos," Nülan. Deposited Documents 1066, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    2. Goldsmith, Peter D. & Turan, Nesve A. & Gow, Hamish R., 2004. "Firms, Incentives, And The Supply Of Food Safety: A Formal Model Of Government Enforcement," 2004 Annual meeting, August 1-4, Denver, CO 20343, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Mei‐Fang Chen, 2008. "Consumer Trust in Food Safety—A Multidisciplinary Approach and Empirical Evidence from Taiwan," Risk Analysis, John Wiley & Sons, vol. 28(6), pages 1553-1569, December.
    4. Rodriguez, Elsa M. & Lacaze, Maria Victoria & Lupin, Beatriz, 2007. "Willingness to pay for organic food in Argentina: Evidence from a consumer survey," 105th Seminar, March 8-10, 2007, Bologna, Italy 7873, European Association of Agricultural Economists.
    5. Kayser, Maike & Nitzko, Sina & Spiller, Achim, 2013. "Analysis of Differences in Meat Consumption Patterns," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 16(2), pages 1-13, May.
    6. Bulut, Harun & Lawrence, John D., 2007. "Meat Slaughter and Processing Plants' Traceability Levels Evidence From Iowa," Staff General Research Papers Archive 12791, Iowa State University, Department of Economics.
    7. Yrjola, Tapani & Kola, Jukka, 2004. "Consumer Preferences Regarding Multifunctional Agriculture," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 7(2), pages 1-13.
    8. Lueth, Maren & Spiller, Achim & Schramm, Matthias, 2006. "Branding in the red meat sector - A conjoint study from Germany," 98th Seminar, June 29-July 2, 2006, Chania, Crete, Greece 10065, European Association of Agricultural Economists.
    9. Rodríguez, Elsa Mirta M. & Lupín, Beatriz & Lacaze, María Victoria, 2005. "Las percepciones de los consumidores de alimentos diferenciados," Nülan. Deposited Documents 1295, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    10. Halawany, Rafia & Bauer, Caroline & Giraud, Georges & Schaer, Burkhard, 2007. "Consumers' Acceptability and Rejection of Food Traceability Systems, a French-German Cross-Comparison," 2007 1st Forum, February 15-17, 2007, Innsbruck, Austria 6567, International European Forum on System Dynamics and Innovation in Food Networks.

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    Demand and Price Analysis;

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