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THE EFFECTS OF CONSUMER DEMAND ON REGULATION OF FOOD SAFETY

Timothy H. Brown

No 271034, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A model is developed where a production input contaminates food and demand responds. Control by informed consumers is compared to efficient regulation. Information changes the market failure from a health hazard among consumers to a common pool externality among producers, so that full information alone is not sufficient for efficiency.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 14
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:271034

DOI: 10.22004/ag.econ.271034

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