Title of document: Lending credence: motivation, trust, and organic certification
Authors: Steve Holland
Ministry/Government Agency/Organisation: Holland Agricultural and Economics
Year of publication: 2016
Geographic focus: Global
Url original document: https://ideas.repec.org/p/ags/aaea15/205192.html
Various forms of regulation are often used to improve the performance of markets when relevant information is lacking. A good example is markets for credence goods or goods with characteristics that are difficult or impossible for consumers to observe even after purchase and use.