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The information asymmetries and consumer policy issues in Bulgaria

Author

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  • Nikolov, Bogomil
  • Vasileva, Elka
  • Ivanova, Daniela

Abstract

An identification and analysis of practices for providing consumer information in Bulgaria and their potential to disclose information about products to consumers are presented. Third party certification, labelling and comparative testing of products has been proven to effectively contribute for development of an efficient market by diminishing asymmetry of information. Discussion focuses on the alternative practices for submitting information and consideration of their accessibility and independence. The disclosure of information to consumers by the websites for comparison of products prices, collective shopping and consumer assistance is explored. Conclusions are drawn regarding their potential role in future shifts towards efficient consumer information practices in Bulgaria.

Suggested Citation

  • Nikolov, Bogomil & Vasileva, Elka & Ivanova, Daniela, 2011. "The information asymmetries and consumer policy issues in Bulgaria," MPRA Paper 50041, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:50041
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    information for consumers; information asymmetry; third parties quality labelling certification; comparatives tools; Bulgaria;
    All these keywords.

    JEL classification:

    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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