CONTINGENT VALUATION IN FOOD POLICY ANALYSIS: A CASE STUDY OF A PESTICIDE-RESIDUE RISK REDUCTION

Jean Buzby (), Richard Ready and Jerry R. Skees

Journal of Agricultural and Applied Economics, 1995, vol. 27, issue 2, 13

Abstract: This study demonstrates how contingent valuation techniques can be used in a cost-benefit analysis of a food safety policy issue. The analysis focuses on banning a specific post harvest pesticide used in fresh grapefruit packinghouses. Benefits of the ban are measured using consumers' aggregated willingness to pay (WTP) for safer grapefruit. A national contingent valuation survey used the payment card method to obtain WTP data. Costs of the ban stem predominantly from increased post harvest losses and were estimated using a model of the market for Florida grapefruit. Results indicate that benefits of the ban outweigh costs.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (50)

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Related works:
Journal Article: Contingent Valuation in Food Policy Analysis: A Case Study of a Pesticide-Residue Risk Reduction (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15278

DOI: 10.22004/ag.econ.15278

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