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Market Failure and Chemical Use

Author

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  • Brush, Greg J.
  • Clemes, Michael D.

Abstract

The objective of this paper is to develop a cost-benefit model that presents an analysis of the costs of implementing safe agrichemical practices, being the use of recommended protective equipment, and the benefits derived from these practices, being the reduced risk of consequent health problems. Initially, the cost-benefit analysis relies on surveys of the prevalence of short term acute cases of agrichemical poisoning among farmers and farm workers (inclusively termed farmers in the study), and epidemiological research on the elevated risks of cancer for farmers. The increased risks of health problems due to agrichemical exposure is then valued, using as a reference the literature on the willingness to pay for preventative action.

Suggested Citation

  • Brush, Greg J. & Clemes, Michael D., 1995. "Market Failure and Chemical Use," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(03), pages 1-14, December.
    • Handle: RePEc:ags:remaae:12379
    DOI: 10.22004/ag.econ.12379
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    File URL: https://ageconsearch.umn.edu/record/12379/files/63030394.pdf
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    References listed on IDEAS

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    1. Jones-Lee, M W & Hammerton, M & Philips, P R, 1985. "The Value of Safety: Results of a National Sample Survey," Economic Journal, Royal Economic Society, vol. 95(377), pages 49-72, March.
    2. Ann Fisher & Lauraine G. Chestnut & Daniel M. Violette, 1989. "The value of reducing risks of death: A note on new evidence," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 8(1), pages 88-100.
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    Cited by:

    1. Low, J.M. & Griffith, Garry R., 1996. "The Cost of Australian Farm Injuries," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(03), pages 1-10, December.
    2. Johnson, R.W.M., 1996. "New Zealand Agricultural Policy Review: 1994-1996 I: Macro Policy," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(03), pages 1-15, December.
    3. Nordblom, Thomas L. & Medd, Richard W., 2000. "Whole Truth in Herbicide Labelling," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123711, Australian Agricultural and Resource Economics Society.

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