Market Imperfections and Fair Trade
The aim of the paper is to show that fair trade strategies play a major role in remedying market shortcomings at the level of organizational and information variables. The empirical evidence confirms the hypothesis that the greatest benefits for local producers stem from changes in advantageousness from short- to long-term objectives, increased investment propensity, and enhancement of collective action in the production of both private and collective goods, rather than from temporary increases in income.
Volume (Year): (2009)
Issue (Month): 1 (March)
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- Fabrizio Adriani & Leonardo Becchetti, 2004. "Fair Trade: A 'Third Generation' Welfare Mechanism to Make Globalisation Sustainable," CEIS Research Paper 62, Tor Vergata University, CEIS.
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