Valuing food-borne risks using time-series data: The case of E. coli O157:H7 and BSE crises in Japan

Shunji Oniki
Additional contact information
Shunji Oniki: Japan International Research Center for Agricultural Sciences, 1-1 Ohwashi, Tsukuba 305-8686, Japan, Postal: Japan International Research Center for Agricultural Sciences, 1-1 Ohwashi, Tsukuba 305-8686, Japan

Agribusiness, 2006, vol. 22, issue 2, 219-232

Abstract: This study evaluates changes in consumers' concerns on food safety after the outbreaks of E. coli O157 and bovine spongiform encephalopathy (BSE) in Japan using household consumption time-series data. A food demand system for Japanese households is estimated using the linear approximate almost-ideal demand system (AIDS) model to evaluate the willingness to accept (WTA) compensation for risk. The Kalman filtering method is applied to produce estimates without a priori assumption regarding timing of the changes. The WTA value rises immediately after a food safety crisis occurs and declines in a short time. However, it does not return to previous levels for an extended period. A possible explanation for remaining effects of a crisis might be that they are the results of habit formation and learning effects of consumption. [EconLit citations: D12, D18, Q13]. © 2006 Wiley Periodicals, Inc. Agribusiness 22: 219-232, 2006.

Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1002/agr.20081 Link to full text; subscription required (text/html)

Related works:
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:wly:agribz:v:22:y:2006:i:2:p:219-232

DOI: 10.1002/agr.20081

Access Statistics for this article

Agribusiness is currently edited by Ronald W. Cotterill

More articles in Agribusiness from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().