MEASURING CONSUMER BENEFITS OF FOOD SAFETY RISK REDUCTIONS

Jean Buzby (), John Fox, Richard Ready and Stephen R. Crutchfield

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 01, 14

Abstract: Microbial pathogens and pesticide residues in food pose a financial burden to society which can be reduced by incurring costs to reduce these food safety risks. We explore three valuation techniques that place a monetary value on food safety risk reductions, and we present a case study for each: a contingent valuation survey on pesticide residues, an experimental auction market for a chicken sandwich with reduced risk of Salmonella, and a cost-of-illness analysis for seven foodborne pathogens. Estimates from these techniques can be used in cost/benefit analyses for policies that reduce food safety risks.

Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (54)

Downloads: (external link)
https://ageconsearch.umn.edu/record/15107/files/30010069.pdf (application/pdf)

Related works:
Journal Article: Measuring Consumer Benefits of Food Safety Risk Reductions (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15107

DOI: 10.22004/ag.econ.15107

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().