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The Value of Certification: Evidence...

Yu, Dan.

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

Record Type:	Electronic resources : Monograph/item
Title/Author:	The Value of Certification: Evidence From the U.S. Organic Food Market./
Author:	Yu, Dan.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2023,
Description:	81 p.
Notes:	Source: Dissertations Abstracts International, Volume: 85-01, Section: A.
Contained By:	Dissertations Abstracts International85-01A.
Subject:	Sustainability. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30567443
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. - Ann Arbor : ProQuest Dissertations & Theses, 2023 - 81 p.

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

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

This item must not be sold to any third party vendors.

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.

ISBN: 9798379953553Subjects--Topical Terms:

1029978
Sustainability.
Subjects--Index Terms:

Consumers

The Value of Certification: Evidence From the U.S. Organic Food Market.
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245 1 0 $a The Value of Certification: Evidence From the U.S. Organic Food Market.
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300 $a 81 p.
500 $a Source: Dissertations Abstracts International, Volume: 85-01, Section: A.
500 $a Advisor: Petrin, Amil.
502 $a Thesis (Ph.D.)--University of Minnesota, 2023.
506 $a This item must not be sold to any third party vendors.
506 $a This item must not be added to any third party search indexes.
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.
590 $a School code: 0130.
650 4 $a Sustainability. $3 1029978
653 $a Consumers
653 $a Product types
653 $a Consumer welfare
653 $a Food market
690 $a 0501
690 $a 0640
690 $a 0505
710 2 $a University of Minnesota. $b Economics. $3 1022416
773 0 $t Dissertations Abstracts International $g 85-01A.
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791 $a Ph.D.
792 $a 2023
793 $a English
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30567443