Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/108982
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Type: | Journal article |
Title: | Fair Trade |
Author: | Richardson, M. Stähler, F. |
Citation: | The Economic Record, 2014; 90(291):447-461 |
Publisher: | Wiley |
Issue Date: | 2014 |
ISSN: | 0013-0249 1475-4932 |
Statement of Responsibility: | Martin Richardson, Frank Stähler |
Abstract: | This paper analyses a setting in which a vertically integrated fair-trade firm competes against vertically disintegrated, profit-maximising oligopolists. Consumers of the fair-trade product derive a ‘warm glow’ that depends on the wage paid to fair-trade producers; the firm returns all surplus to its farmers. Trade integration will unambiguously increase the size of the fair-trade firm, but the relative size compared to oligopolists may shrink. Furthermore, we show that the ‘warm glow’ effect may support a marginal expansion of the volume of fair trade, but for rather perverse reasons. |
Rights: | © 2014 Economic Society of Australia |
DOI: | 10.1111/1475-4932.12136 |
Published version: | http://dx.doi.org/10.1111/1475-4932.12136 |
Appears in Collections: | Aurora harvest 8 Economics publications |
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RA_hdl_108982.pdf Restricted Access | Restricted Access | 159.26 kB | Adobe PDF | View/Open |
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