Governance Structure, Perception, and Innovation in Credence Food Transactions: The Role of Food Community Networks

Stefano Pascucci
Promoting transactions of more sustainable-oriented foods can be (socially and privately) complex and costly. New institutional economics (NIE) explains these dynamics by analyzing the choice of the "most cost-economizing" governance structure to carry out a transaction where credence attributes are involved. The way different governance structures can influence the change of consumers and producers perceptions and preferences for credence foods is completely neglected. On the other hand behavioral economics underlines the role of status quo...
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