Self-regulation, productivity, and nonlinear pricing. Three essays on quality production in agricultural markets

In this dissertation I analyze the quality choices of a group of producers. In the first essay I use mechanism design to study the interaction of asymmetric information and the democratic process in the quality choices of a group of heterogeneous producers facing an opportunity to gain from establishing a reputation for their quality products. I find an asymmetry in the possible equilibria between the high and the low quality majorities. The quality level provided by the group with a low quality majority is lower than the first best, and the minority producers get rents. With high quality majority, if demand and group conditions are favourable, the quality level provided by the group…

Author: Zago, Angelo

Source: University of Maryland

Download Link: Click Here To Download This Report

Reference URL: Visit Now

Reference URL: Visit Now

Leave a Comment