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Please use this identifier to cite or link to this item: http://purl.umn.edu/43840

Title: Traceability, Moral Hazard, and Food Safety
Authors: Starbird, S. Andrew
Amanor-Boadu, Vincent
Roberts, Tanya
Keywords: Food safety
traceability
moral hazard
Issue Date: 2008
Abstract: Errors in traceability can significantly impact the moral hazard associated with producing safe food. The effect of moral hazard depends on the proportion of unsafe food costs that can be allocated to the responsible producer, which depends on the efficiency of the traceability system. In this paper, we develop a model that identifies the minimum level of traceability needed to mitigate moral hazard and motivate suppliers to produce safe food. Regulators and consumer can use the results of this research to design regulations and contracts that mitigate moral hazard and motivate producers to deliver safe food.
URI: http://purl.umn.edu/43840
Institution/Association: European Association of Agricultural Economists>2008 International Congress, August 26-29, 2008, Ghent, Belgium
Total Pages: 10
Collections:2008 International Congress, August 26-29, 2008, Ghent, Belgium

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