MEASURING THE IMPACT OF FOOD SAFETY REGULATION-AN OUTPUT DIRECTIONAL DISTANCE FUNCTION APPROACH

This paper provides a novel methodology to measure the impact of food safety regulation. An output directional distance function approach is applied to estimate the opportunity cost of food safety regulation. Such a measure should be included as part of the overall cost for a more precise benefit-cost analysis of food safety regulation. Using US Census and food safety recall data, the value of potential output loss due to food safety regulation is suggested $2.5 billion.


Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20016
Total Pages:
25
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

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