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discussion paper

Delegation of quality control in value chains

This paper studies the decision of a firm that sells an experience good to delegate quality control to an independent monitor. In an infinitely repeated game consumers’ trust provides incentives to (1) acquire information about whether the good is…

discussion paper

Structural changes in the Philippine pig industry and their environmental implications

"Pig production in the Philippines has intensified in the urban and peri-urban areas in response to a radical structural change in the pig industry and a growing demand for pork products. Alongside this rapid growth is the emergence of societal…

discussion paper

The economics of GM food labels

"Labeling of genetically modified (GM) foods is a contentious issue and internationally, there is sharp division whether such labeling ought to be mandatory. This debate has reached India where the government has proposed mandatory labeling. In this…

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