IDEAS home Printed from https://ideas.repec.org/p/ags/aaea02/19634.html
   My bibliography  Save this paper

All For Efficiency And Efficiency For All -- Dispelling Myths About "Costly" New Quality Attributes In Food Products

Author

Listed:
  • Sterns, James A.
  • Sterns, Patricia Aust
  • Burkhardt, Jeffrey

Abstract

As new quality attributes for food products emerge, questions arise about the relative "efficiencies" of alternative market responses to these changes. This paper discusses two closely related issues: different perspectives about "efficiency" found in the literature, and the potential responses to the introduction of new food product attributes by individual firms. Comparing different understandings of "efficiency" and analyzing different firm-level market responses lead to conclusions about the use of "efficiency" for prescriptive decisions by firms and value-laden recommendations by economists.

Suggested Citation

  • Sterns, James A. & Sterns, Patricia Aust & Burkhardt, Jeffrey, 2002. "All For Efficiency And Efficiency For All -- Dispelling Myths About "Costly" New Quality Attributes In Food Products," 2002 Annual meeting, July 28-31, Long Beach, CA 19634, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19634
    DOI: 10.22004/ag.econ.19634
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/19634/files/sp02st03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.19634?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Becker, Kai Helge, 2016. "An outlook on behavioural OR – Three tasks, three pitfalls, one definition," European Journal of Operational Research, Elsevier, vol. 249(3), pages 806-815.
    2. Brian Chi‐ang Lin, 2007. "A New Vision Of The Knowledge Economy," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 553-584, July.
    3. Luis Alfonso Dau & Aya S. Chacar & Marjorie A. Lyles & Jiatao Li, 2022. "Informal institutions and international business: Toward an integrative research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 985-1010, August.
    4. Jaime Lozano, 2000. "Institutions and Economic Theory. The Contribution of the New Institutional Economics de Eric Furubotn y Rudolf Richter," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 2(2), pages 165-169, January-J.
    5. Kirchsteiger, G. & Niederle, M. & Potters, J.J.M., 1998. "The Endogenous Evolution of Market Institutions : An Experimental Investigation," Other publications TiSEM 5655ebed-6950-4ab7-b671-b, Tilburg University, School of Economics and Management.
    6. Nelson, Richard R. & Sampat, Bhaven N., 2001. "Making sense of institutions as a factor shaping economic performance," Journal of Economic Behavior & Organization, Elsevier, vol. 44(1), pages 31-54, January.
    7. Tao Kong, 2007. "A Selective Review of Recent Developments in the Economic Growth Literature," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 21(1), pages 1-33, May.
    8. Jean-Baptiste Fleury & Alain Marciano, 2022. "Methodological Individualism and the Foundations of the "Law and Economics" movement," Post-Print hal-03820441, HAL.
    9. Helge Peukert, 2015. "Richard Abel Musgrave and Joseph Alois Schumpeter: Two intellectual authorities in economics and their shared and different frameworks, read through the lenses of the Perlman dichotomies," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 253-262, January.
    10. Igor Matutinović, 2005. "The Microeconomic Foundations of Business Cycles: From Institutions to Autocatalytic Networks," Journal of Economic Issues, Taylor & Francis Journals, vol. 39(4), pages 867-898, December.
    11. Mauricio G. Villena & Marcelo J. Villena, 2004. "Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian?," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(3), pages 585-610, September.
    12. Angela Ambrosino & Magda Fontana & Anna Azzurra Gigante, 2018. "Shifting Boundaries In Economics: The Institutional Cognitive Strand And The Future Of Institutional Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 767-791, July.
    13. Anna Klimina, 2013. "Placing the Analysis of Contemporary State Capitalism within an Evolutionary Discourse," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 545-554.
    14. Galbács, Péter, 2018. "A közgazdaságtan felszabadítása. A neoklasszikus ortodoxia és az intézményi közgazdaságtan közötti ellentét néhány módszertani kérdése [Freedom for economics. Some methodological aspects of the neo," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 44-65.
    15. Gandhi, Vasant P. & Crase, Lin & Herath, Gamini, 2006. "Comparing Indian Irrigation Institutions: What Determines Institutional Behaviour and Performance? Preliminary Empirical Observations," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139735, Australian Agricultural and Resource Economics Society.
    16. Geoffrey Poitras & Franck Jovanovic, 2010. "Pioneers of Financial Economics: Das Adam Smith Irrelevanzproblem?," History of Economics Review, Taylor & Francis Journals, vol. 51(1), pages 43-64, January.
    17. José Manuel Lasierra, 2016. "La idea austriaca de “espíritu empresarial” y las instituciones laborales en la economía global," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 18(35), pages 79-100, July-Dece.
    18. Zweynert, Joachim, 2007. "How can the History of Economic thought Contribute to an Understanding of Institutional Change?," Journal of the History of Economic Thought, Cambridge University Press, vol. 29(2), pages 189-211, June.
    19. Oran Young, 2001. "The Behavioral Effects of Environmental Regimes: Collective-Action vs. Social-Practice Models," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 1(1), pages 9-29, January.
    20. Rasto Ovin, 2001. "The Nature of Institutional Change in Transition," Post-Communist Economies, Taylor & Francis Journals, vol. 13(2), pages 133-146.

    More about this item

    Keywords

    Marketing;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea02:19634. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.