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Informational asymmetries in the food industry
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School of Business |
Master's thesis
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en
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44
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The food industry is rife with opportunity to cheat on quality. This is because producers cannot easily provide or prove claims of their quality. We see evidence of this in the news, government studies and in supermarkets with products vying for shoppers’ patronage. Furthermore this problem has sparked a literature filled with policy prescriptions ranging from better labeling to increasing auditing firms liability. This thesis will go over the literature and models and seek to ask how a coordinated set of policies could do even better.