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Measuring The Impact Of Food Safety Regulation-An Output Directional Distance Function Approach

Author

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  • Cho, Bo-Hyun
  • Hooker, Neal H.

Abstract

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.

Suggested Citation

  • Cho, Bo-Hyun & Hooker, Neal H., 2004. "Measuring The Impact Of Food Safety Regulation-An Output Directional Distance Function Approach," 2004 Annual meeting, August 1-4, Denver, CO 20016, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea04:20016
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    File URL: http://purl.umn.edu/20016
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    References listed on IDEAS

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