THE EFFECTS OF CONSUMER DEMAND ON REGULATION OF FOOD SAFETY

A model is developed where a production input contaminates food and demand responds. Control by informed consumers is compared to efficient regulation. Information changes the market failure from a health hazard among consumers to a common pool externality among producers, so that full information alone is not sufficient for efficiency.


Issue Date:
Aug 05 1990
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/271034
Language:
English
Total Pages:
14




 Record created 2018-04-09, last modified 2020-10-28

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