The Economics of Ecolabelling - SEAFOOD Ecolabelling: Principles and Practice - page 56

coming from those farms that achieve generally agreed best aquaculture practices
can reward those farms who are the 'good players' rather than label an entire in-
dustry as 'bad'. Last, but not least, consumers benefit from being provided with
the information to make informed choices in the marketplace, rather than having
choices taken away from them.

References

Akerlof, G.A. (1970) The market for 'lemons': quality uncertainty and the market mecha-
nism. Quarterly Journal of Economics , 84 , 488-500.
Aldrich, L. (1999) Consumer Use of Information: Implications for Food Policy . Agricultural
Handbook No. 715. Food and Rural Economics Division, Economic Research Service,
US Department of Agriculture, Washington, DC.
Anderson, L.G. (1977) The Economics of Fisheries Management. Johns Hopkins University
Press, Baltimore, MD.
Caswell, J. (1998) How labelling of safety and process attributes affects markets for food.
Agricultural and Resource Economics Review , 27 , 151-158.
Darby, M.R. & Karni, E. (1973) Free competition and the optimal amount of fraud. Journal
of Law and Economics , 16 , 67-88.
FT.com (2006) Wal-Mart vows to buy eco-friendly fish: US sales will have 'Sus-
tainable'

label from Marine Stewardship Council, January 31. Available at:

http://www.msnbc.msn.com/id/11112245 [accessed on 18 February 2008].
Gordon, H.S. (1954) The economic theory of a common-property resource: the fishery.
Journal of Political Economy , 62 , 124-142.
Gudmundsson, E. & Wessells, C.R. (2000) Ecolabeling seafood for sustainable production:
implications for fisheries management. Marine Resource Economics , 15 , 97-113.
Holland, D. & Wessells, C.R. (1998) Predicting consumer preferences for fresh salmon:
the influence of safety inspection and production method attributes. Agricultural and
Resource Economics Review , 27 , 1-14.
Jacquet, J. & Pauly, D. (2007) The rise of seafood awareness campaigns in an era of
collapsing fisheries. Marine Policy , 31 , 308-313.
Jaffry, S., Pickering, H., Ghulam, Y., Whitmarsh, D. & Wattage, Y. (2004) Consumer choices
for quality and sustainability labelled seafood products in the UK. Food Policy , 29 , 215-
228.
Johnston, R.J. & Roheim, C.A. (2006) A battle of taste and environmental convictions
for ecolabeled seafood: a contingent ranking experiment. Journal of Agricultural and
Resource Economics , 31 , 283-300.
Johnston, R.J., Wessells, C.R., Donath, H. & Asche, F. (2001) Measuring consumer prefer-
ences for ecolabeled seafood: an international comparison. Journal of Agricultural and
Resource Economics , 26 , 20-39.
Kuhre, W.L. (1997) Environmental labelling marketing: efficient and accurate environmen-
tal marketing procedures. ISO 14020:1997. Prentice Hall, Inc., Upper Saddle River, NJ.
Lancaster, K.J. (1971) A new approach to consumer theory. The Journal of Political Econ-
omy , 74 , 132-157.