| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Would Subsidizing a Food Pathogen Vaccine Upset the Food Policy Applecart
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| Autores: |
Marette, Stephan
Roe, Brian E.
Teisl, Mario F.
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| Data: |
2010-05-03
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| Ano: |
2010
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| Palavras-chave: |
Food safety
Vaccine
Partial equilibrium
Welfare analysis
Stated preference
Food policy
Agricultural and Food Policy
Consumer/Household Economics
Demand and Price Analysis
Food Consumption/Nutrition/Food Safety
Health Economics and Policy
Risk and Uncertainty
D81
Q11
Q18
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| Resumo: |
Vaccines against several common foodborne pathogens are being developed and could substantially alter the policy tools available to address foodborne illness. However, little analysis is available to suggest how social welfare would be affected by these new vaccines. To address this void, we use stated preference data to estimate consumer willingness to pay (WTP) for food safety vaccines and then simulate the welfare impacts on related commodity markets of subsidizing consumer purchases of the vaccine within a partial equilibrium framework. To obtain consumer demand for the vaccine from the stated preference data, we simultaneously estimate model parameters in an econometrically coherent manner that recognizes the recursive nature of responses to questions probing respondents’ willingness to purchase vaccines and perceptions of the probability and severity of possible foodborne illness incidents and the joint distribution of unobservable components. Based on this econometric estimation, we integrate the average proportion of consumers purchasing the vaccine in a partial equilibrium model linked to a particular food product. Our simulation shows that subsidizing the vaccine is likely to lead to a higher welfare than stricter pathogens standards when the marginal cost of public funds is relatively low.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/61480
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| Relação: |
Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Selected Paper
11614
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| Formato: |
35
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