Work

Contingent Valuation in Food Policy Analysis: A Case Study of a Pesticide-Residue Risk Reduction

Year: 1995

Type: article

Abstract: This study demonstrates how contingent valuation techniques can be used in a cost-benefit analysis of a food safety policy issue. The analysis focuses on banning a specific postharvest pesticide used in fresh grapefruit packinghouses. Benefits of the ban are measured using consumers' aggregated willingness to pay (WTP) for safer grapefruit. A national contingent valuation survey used the payment card method to obtain WTP data. Costs of the ban stem predominantly from increased postharvest losses and were estimated using a model of the market for Florida grapefruit. Results indicate that benefits of the ban outweigh costs.

Source: Journal of Agricultural and Applied Economics

DOI: 10.1017/s1074070800028637

Authors: Jean C. Buzby, Richard C. Ready, Jerry R. Skees

Institution: University of Kentucky

Language: English

Topic: Economic and Environmental Valuation

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Zero hunger, Responsible consumption and production

Open Access status: green

Funder: U.S. Department of Agriculture