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The Value of Certification : = Evidence From the U.S. Organic Food Market.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Value of Certification :/
Reminder of title:	Evidence From the U.S. Organic Food Market.
Author:	Yu, Dan.
Description:	1 online resource (81 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-01, Section: A.
Contained By:	Dissertations Abstracts International85-01A.
Subject:	Sustainability. -
Online resource:	click for full text (PQDT)
ISBN:	9798379953553

The Value of Certification : = Evidence From the U.S. Organic Food Market.
Yu, Dan.

The Value of Certification :Evidence From the U.S. Organic Food Market. - 1 online resource (81 pages)

Source: Dissertations Abstracts International, Volume: 85-01, Section: A.

Thesis (Ph.D.)--University of Minnesota, 2023.

Includes bibliographical references

Consumers may value some costly production procedures that improve sustainability without affecting the observed quality of products. Without credible disclosure, consumers cannot distinguish products compliant with these procedures from others, giving rise to a lemons problem and potentially inhibiting efficient trade. This dissertation explores whether third-party certification provides an effective solution to this problem in the context of the U.S. food market. This dissertation finds that consumers are willing to pay between 4 and 116% of a product's price for organic certification. Consistent with the theory that certification provides otherwise unverifiable information, estimates of the willingness to pay across product types covary negatively with the predictability of organic certification using other product characteristics. Results from the counterfactual analysis suggest a decrease in consumer welfare from removing the organic certification program, equivalent to 0.05% of total spending on organic products.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798379953553Subjects--Topical Terms:

793436
Sustainability.
Subjects--Index Terms:

ConsumersIndex Terms--Genre/Form:

554714
Electronic books.

The Value of Certification : = Evidence From the U.S. Organic Food Market.
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520 $a Consumers may value some costly production procedures that improve sustainability without affecting the observed quality of products. Without credible disclosure, consumers cannot distinguish products compliant with these procedures from others, giving rise to a lemons problem and potentially inhibiting efficient trade. This dissertation explores whether third-party certification provides an effective solution to this problem in the context of the U.S. food market. This dissertation finds that consumers are willing to pay between 4 and 116% of a product's price for organic certification. Consistent with the theory that certification provides otherwise unverifiable information, estimates of the willingness to pay across product types covary negatively with the predictability of organic certification using other product characteristics. Results from the counterfactual analysis suggest a decrease in consumer welfare from removing the organic certification program, equivalent to 0.05% of total spending on organic products.
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