scispace - formally typeset
Journal ArticleDOI

Information asymmetry and the role of traceability systems

Jill E. Hobbs
- 01 Sep 2004 - 
- Vol. 20, Iss: 4, pp 397-415
TLDR
A model of ex ante quality verification and ex post traceability systems is used to demonstrate the different functions and incentives of a traceability system.
Abstract
The role of food traceability systems in resolving information asymmetry is explored. Three functions of traceability systems are identified: ex post reactive systems that allow the traceback of affected products in the event of a contamination problem so as to minimize social costs, ex post systems that facilitate the allocation of liability, and information systems that provide ex ante quality verification. A taxonomy of traceability systems illustrates the multidimensional nature of the information problems related to food safety and food quality. A model of ex ante quality verification and ex post traceability systems is used to demonstrate the different functions and incentives of a traceability system. Finally, examples of private sector and regulatory traceability initiatives are discussed within the context of the ex post and ex ante models developed in the paper. [EconLit citations: Q130; Q180; L150.] © 2004 Wiley Periodicals, Inc. Agribusiness 20: 397–415, 2004.

read more

Citations
More filters
Journal ArticleDOI

Traceability in the Canadian Red Meat Sector: Do Consumers Care?

TL;DR: In this paper, the authors examined the economic incentives for implementing traceability systems in the meat and livestock sector and used experimental auctions to assess the willingness to pay of Canadian consumers for a traceability assurance, a food safety assurance, and an on-farm production method assurance for beef and pork products.
Journal ArticleDOI

Traceability issues in food supply chain management: A review

TL;DR: In this paper, the authors present a comprehensive literature review on the aspects of supply chain management that are influenced by traceability, which is considered fully integrated in the chain management and not kept separately.
Journal ArticleDOI

Consumer acceptance of novel food technologies

TL;DR: In this paper, the authors organize the research describing how heuristics and individual differences among consumers influence the acceptance of agri-food technologies and explore factors that may explain consumers' acceptance or lack of acceptance.
Journal ArticleDOI

Traceability, Liability, and Incentives for Food Safety and Quality

TL;DR: In this paper, the authors model a stylized marketing chain composed of farms, marketers, and consumers and show that food safety declines with the number of farms and marketers and imperfect traceability from consumers to marketers dampens liability incentives to supply safer food by farms.
Journal ArticleDOI

Tracking, tracing, and business process interests in food commodities: A multi-level decision complexity

TL;DR: In this article, the authors developed a suitable tracking and tracing process and decision model which also supported the understanding of the deadlock the sector is in and summarized the decision situation for enterprises and the sector in a cost-benefit decision table that provides a framework for future developments.
References
More filters
Journal ArticleDOI

The Informational Role of Warranties and Private Disclosure about Product Quality

TL;DR: The Informational Role of Warranties and Private Disclosure about Product Quality Author(s): Sanford J. Grossman Source: Journal of Law and Economics, Vol. 24, No. 3, Consumer Protection Regulation: A Conference Sponsored by the Center for the Study of the Economy and the State (Dec., 1981), pp. 461-483 as mentioned in this paper
Journal ArticleDOI

Using Informational Labeling to Influence the Market for Quality in Food Products

TL;DR: In the United States, the federal government is increasingly using requirements for informational labeling on food products to influence consumers' knowledge and purchasing patterns and manufacturers' product offerings and marketing practices.
Posted Content

Using Informational Labeling To Influence The Market For Quality In Food Products

TL;DR: In the United States, the federal government is increasingly using requirements for informational labeling on food products to influence consumers' knowledge and purchasing patterns and manufacturers' product offerings and marketing practices as discussed by the authors.
Journal ArticleDOI

A game theoretic approach to organic foods: an analysis of asymmetric information and policy

TL;DR: In this paper, the authors show that repeat-purchase relationships and third-party monitoring are required for high-quality credence goods to be available, and the policy implications of this analysis for national organ;c food standards are discussed.
Journal ArticleDOI

The evolution of partnerships in the meat supply chain: insights from the British beef industry

TL;DR: In this article, a case study describes the evolution of supply chain partnerships in the British beef industry, driven by changing consumer demand, food safety legislation, a concentrated and highly competitive retail sector and the BSE crisis.
Related Papers (5)