Measuring Consumer Benefits of Food Safety Risk Reductions

Posted: 11 Jun 1998

See all articles by Jean C. Buzby

Jean C. Buzby

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

John A. Fox

Kansas State University - Department of Agricultural Economics

Richard C. Ready

Agricultural University of Norway

Stephen R. Crutchfield

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Abstract

Microbial pathogens and pesticide residues in food pose a financial burden to society which can be reduced by incurring costs to reduce these food safety risks. We explore three valuation techniques that place a monetary value on food safety risk reductions, and we present a case study for each: a contingent valuation survey on pesticide residues, an experimental auction market for a chicken sandwich with reduced risk of Salmonella, and a cost-of-illness analysis for seven foodborne pathogens. Estimates from these techniques can be used in cost/benefit analyses for policies that reduce food safety risks.

JEL Classification: I10

Suggested Citation

Buzby, Jean C. and Fox, John A. and Ready, Richard C. and Crutchfield, Stephen R., Measuring Consumer Benefits of Food Safety Risk Reductions. Available at SSRN: https://ssrn.com/abstract=94443

Jean C. Buzby (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5453 (Phone)
202-694-5688 (Fax)

John A. Fox

Kansas State University - Department of Agricultural Economics ( email )

331J Waters Hall
Manhattan, KS 66506
United States
913-532-4446 (Phone)
913-532-6925 (Fax)

Richard C. Ready

Agricultural University of Norway ( email )

P. O. Box 5003
N-1432 Aas
Norway
64 94 75 00 (Phone)
64 94 75 05 (Fax)

Stephen R. Crutchfield

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,238
PlumX Metrics