Economic Effects of a Ban Against Antimicrobial Drugs Used in U.S. Beef Production

Kenneth Mathews

Journal of Agricultural and Applied Economics, 2002, vol. 34, issue 3, 513-530

Abstract: Economic effects for three scenarios of antimicrobial drug use in livestock production—a no-ban scenario and two levels of bans—are examined through cost minimization and a partial equilibrium analysis. Results indicate that regulating antimicrobial drug use in livestock production would increase per-unit costs of producers previously using drugs and reduce beef supplies in the short run, reducing consumer surplus. Producers not previously using drugs would benefit from short-run price increases.

Date: 2002
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Journal Article: ECONOMIC EFFECTS OF A BAN AGAINST ANTIMICROBIAL DRUGS USED IN U.S. BEEF PRODUCTION (2002)
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