Optimal Sharing of Foodborne Illness Prevention between Consumers and Industry: The Effect of Regulation and Liability
in American Journal of Agricultural Economics
May 2004; p ublished online May 2004 .
Journal Article. Subjects: Manufacturing; Household Behaviour and Family Economics; Tort Law; Agricultural Economics. 9231 words.
Consumers and the food industry can both prevent foodborne illness. Two questions are explored: what is the socially optimal level of preventative effort by each and can tort and regulatory...