Behaviors in the market for safe vegetables under information asymmetry: modeling approach

Lê, Q; Nguyen, Thi Minh Hue

doi:10.1007/s40822-018-0093-5

Cited by 7 publications

(3 citation statements)

References 9 publications

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“…The starting point in our scientific approach was the research elaborated by Palma ( 30 ) in which the author suggests that future research should analyze whether policies such as labeling effectively increase consumer welfare and affect consumer preferences. In this respect, in order to provide a clearer image of the concepts, we resorted to the structuring of the meta-analysis on the related phenomena based on the technique of dissociation phenomena; the existing correlation between the informational asymmetry between the sellers and the buyers ( 31 ); the information asymmetry and the consumers’ interest ( 11 ) in the asymmetric price transmission within the food supply chain ( 32 ); the relationship between the consumers’ preferences, their willingness to pay for ambiguous claims, and the asymmetry information ( 33 ); and the information asymmetry and the social responsibility ( 24 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Is Information Asymmetry a Disruptive Factor in Food Consumer Behavior During the COVID Pandemic?

et al. 2022

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Today, food quality and safety, on the one hand, as well as increasing the level of information of consumers with direct implications on their food preferences, on the other hand, are highly debated topics in both national and international literature. The lack of consumers’ knowledge of information on food safety could make consumers purchase unsafe food. In the event of the existence of this kind of information, the consumption would be a safer one. Our research aimed to understand the means of adjusting the food offered to the request manifested by young and educated people and the impact of the information asymmetry on the consumers’ behavior. The main objectives of the study focus on exploring the nature of the informational asymmetry and the extent to which it usually affects the consumers’ perception and on identifying the prevalent socioeconomic factors that influence the consumers’ behavior regarding their perception of the quality of the food products and quantifying the impact of the information asymmetry on consumers’ behavior. In this study, a questionnaire survey among 529 young and educated people was used to design a cumulative analysis in order to allow the forecast based on a future trend of the food policies in relation to the change in the consumers’ behavior induced by the informational asymmetry. This analysis was segmented into impact sections that delineate the weight of the generating asymmetry factors from the weight of the factors with resistance to this phenomenon. The results of the survey led both to the identification of a quantification model of the information asymmetry that manifests itself within the relationship between the producer and the consumer and to the identification of a typology of informational asymmetry which manifests itself differently depending on the features of the food products. The study can be useful for those entities that want to identify the changes in the typology of consumption according to certain criteria in order to correlate their offer with the consumers’ requirements, as well as for the national or regional institutional bodies with a role in developing food policies adapted to these requirements.

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Section: Literature Reviewmentioning

confidence: 99%

Is Information Asymmetry a Disruptive Factor in Food Consumer Behavior During the COVID Pandemic?

et al. 2022

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“…However, the information tourists have access to can be confused, unreliable, and redundant, which may mislead individuals to make wrong decisions (Li et al, 2013). In other words, whether the information affects tourists' impulsive purchases positively or negatively is highly related to tourists' own belief in the information (Le & Nguyen, 2018) thus supporting a fully mediated relationship.…”

Section: Information Confusionmentioning

confidence: 99%

Impulsive Shopping Overseas: Do Sunk Cost, Information Confusion, and Anticipated Regret Have a Say?

Guan

2021

Journal of Hospitality & Tourism Research

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Building on three theoretical perspectives, Alchian–Allen theorem, sunk cost fallacy, and mental account theory, this study proposed and tested a model on Chinese outbound travelers’ impulse shopping behaviors as determined by sunk cost, information confusion, after-sale risk, and anticipated regret (both downward and upward). Using a sample of 314 Chinese outbound travelers, findings of the study suggested that sunk cost, after-sale risk, and downward anticipated regret significantly influence travelers’ impulsive shopping, with downward anticipated regret mediating the relationship between information confusion and impulsive purchase and between sunk cost and impulsive purchase. The study contributes to existing theories and literature for a better understanding of how sunk cost influences outbound travelers’ impulsive shopping behavior from three theoretical perspectives, particularly in a Chinese cultural context. The findings of the study also have important implications for destination stakeholders.

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“…To be more specific, measures include full implementation of food safety standards as well as improved information management and market inspection system, so as to promote a better market environment and overall situation. However, despite the achievements made in this field so far, the serious information asymmetry between producers and consumers, the lack of understanding and trust in the corresponding management and guarantee policies, and the government’s poor implementation of procedures [ 3 , 4 ] undermine consumers’ confidence in food safety. As a result, food safety is not equivalent to consumer satisfaction.…”

Section: Introductionmentioning

confidence: 99%

Research on the Influence Mechanism of Rational Consumers’ Food Safety Supervision Satisfaction

Wang

Diao

Tou

2019

IJERPH

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As emerging food safety incidents have gained widespread concerns, research on consumers’ attitudes towards this issue is crucial to create effective solutions. To this end, in accordance with relevant data of consumers in 13 cities with subordinate districts, Jiangsu province, this paper divided different consumer groups by their experience so as to study their degree of satisfaction towards food safety and corresponding influencing factors. According to the descriptive statistics and the building of the cumulative logistic regression model, the results therefrom showed that consumers with direct or indirect experience have separate attitudes towards food safety which cannot be changed by changing consumers’ personal characteristics. Moreover, the two groups are divided in their demands in food production and consumption along with exceptions on policy implementation, etc. Finally, suggestions to improve consumers’ satisfaction are given in at the end of the paper.

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Behaviors in the market for safe vegetables under information asymmetry: modeling approach

Cited by 7 publications

References 9 publications

Is Information Asymmetry a Disruptive Factor in Food Consumer Behavior During the COVID Pandemic?

Is Information Asymmetry a Disruptive Factor in Food Consumer Behavior During the COVID Pandemic?

Impulsive Shopping Overseas: Do Sunk Cost, Information Confusion, and Anticipated Regret Have a Say?

Research on the Influence Mechanism of Rational Consumers’ Food Safety Supervision Satisfaction

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