Measuring Consumer Benefits of Food Safety Risk Reductions

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

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 1, 69-82

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.

Date: 1998
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Journal Article: MEASURING CONSUMER BENEFITS OF FOOD SAFETY RISK REDUCTIONS (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:30:y:1998:i:01:p:69-82_00

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