@article{Marette:61480,
      recid = {61480},
      author = {Marette, Stephan and Roe, Brian E. and Teisl, Mario F.},
      title = {Would Subsidizing a Food Pathogen Vaccine Upset the Food  Policy Applecart},
      address = {2010},
      number = {320-2016-9970},
      series = {Selected Paper},
      pages = {35},
      year = {2010},
      abstract = {Vaccines against several common foodborne pathogens are  being developed and could substantially alter the policy  tools available to address foodborne illness.  However,  little analysis is available to suggest how social welfare  would be affected by these new vaccines.  To address this  void, we use stated preference data to estimate consumer  willingness to pay (WTP) for food safety vaccines and then  simulate the welfare impacts on related commodity markets  of subsidizing consumer purchases of the vaccine within a  partial equilibrium framework.  To obtain consumer demand  for the vaccine from the stated preference data, we  simultaneously estimate model parameters in an  econometrically coherent manner that recognizes the  recursive nature of responses to questions probing  respondents’ willingness to purchase vaccines and  perceptions of the probability and severity of possible  foodborne illness incidents and the joint distribution of  unobservable components.  Based on this econometric  estimation, we integrate the average proportion of  consumers purchasing the vaccine in a partial equilibrium  model linked to a particular food product.  Our simulation  shows that subsidizing the vaccine is likely to lead to a  higher welfare than stricter pathogens standards when the  marginal cost of public funds is relatively low.},
      url = {http://ageconsearch.umn.edu/record/61480},
      doi = {https://doi.org/10.22004/ag.econ.61480},
}