The Welfare Value of FDAâ€™s Mercury-in-Fish Advisory: A Dynamic Reanalysis
James Hammitt and
Christoph Rheinberger ()
No 13.07.394, LERNA Working Papers from LERNA, University of Toulouse
Assessing the welfare impact of consumer health advisories is a thorny task. Recently, Shimshack and Ward (2010) studied how U.S. households responded to FDAâ€™s 2001 mercury-in-fish advisory. They found that the average at-risk household reduced fish consumption by about 24%, resulting in a 21%-reduction in mercury exposure at the cost of a 28%-reduction in cardioprotective omega-3 fatty acids. A rough assessment of the health costs and benefits led Shimshack and Ward to conclude that the advisory policy resulted in an overall consumer welfare loss. In this note, we propose a more comprehensive assessment that links the long term cardiovascular health effects of the advisory policy to life cycle consumption. In addition to mortality risk, our model values the loss in health quality from non-fatal cardiovascular diseases. Using the same dose-response relationships as Shimshack and Ward, we find that the expected health and mortality loss to the average at-risk household is much larger than they suggested. The analysis highlights the importance of accounting for dynamic effects when evaluating persistent changes in exposure to environmental health risks.
Keywords: Food safety; mercury; fatty acids; policy analysis; excess lifetime risk (search for similar items in EconPapers)
JEL-codes: I18 I38 J17 P36 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www2.toulouse.inra.fr/lerna/travaux/cahiers2013/13.07.394.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ler:wpaper:27221
Access Statistics for this paper
More papers in LERNA Working Papers from LERNA, University of Toulouse Contact information at EDIRC.
Bibliographic data for series maintained by Maxime MARTY ( this e-mail address is bad, please contact ).