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Firms, Incentives, And The Supply Of Food Safety: A Formal Model Of Government Enforcement

  • Goldsmith, Peter D.
  • Turan, Nesve A.
  • Gow, Hamish R.

Recent instances of significant food safety breeches in both meat and biotechnology challenge traditional safety efforts. A formal model utilizing agency theory is used to explore the power relationships between the regulator and the firm. Fundamental issues effecting firms’' supply of safety are demonstrated and alternative corrective mechanisms are discussed.

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File URL: http://purl.umn.edu/20343
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 20343.

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Date of creation: 2004
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Handle: RePEc:ags:aaea04:20343
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  20. Ollinger, Michael & Mueller, Valerie, 2003. "Managing For Safer Food: The Economics Of Sanitation And Process Controls In Meat And Poultry Plants," Agricultural Economics Reports 33975, United States Department of Agriculture, Economic Research Service.
  21. Peter Goldsmith & Rishi Basak, 2001. "Incentive Contracts and Environmental Performance Indicators," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 20(4), pages 259-279, December.
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