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)
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)
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