Dept. of Agricultural Economics, Michigan State University
Review of Agricultural Economics vol:30 issue:3 pages:460-468
Jo Swinnen and Thijs Vandemoortele present a general political economy model of standards that they use to derive political and social optima and to identify under which cases “under-standardization” or “over-standardization” results. They analyze the impact of trade and development on the political equilibrium; as well as the role of the media and the interaction between private standards and public standards.