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Food Fraud: Causes, Consequences, and Deterrence Strategies

Author

Listed:
  • Konstantinos Giannakas

    (Department of Agricultural Economics, University of Nebraska–Lincoln, Lincoln, Nebraska, USA)

  • Amalia Yiannaka

    (Department of Agricultural Economics, University of Nebraska–Lincoln, Lincoln, Nebraska, USA)

Abstract

Food fraud represents a serious threat to the integrity of the global agri-food marketing system and has received considerable attention by policy makers, academics, and the public at large. This review presents the conditions that enable fraudulent activity in agri-food supply chains (such as asymmetric information, imperfect certification processes, supply chain complexity, and weak monitoring and enforcement systems) and discusses recent efforts to document and deter food fraud and the growing theoretical and empirical literature on the economics of food fraud. The article concludes by identifying some gaps in the literature and provides suggestions for future research.

Suggested Citation

  • Konstantinos Giannakas & Amalia Yiannaka, 2023. "Food Fraud: Causes, Consequences, and Deterrence Strategies," Annual Review of Resource Economics, Annual Reviews, vol. 15(1), pages 85-104, October.
    • Handle: RePEc:anr:reseco:v:15:y:2023:p:85-104
    DOI: 10.1146/annurev-resource-101422-013027
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    More about this item

    Keywords

    food adulteration; mislabeling; asymmetric information; credence goods; certification; costly and imperfect enforcement;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • M38 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Government Policy and Regulation
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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