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Regulation, Living Cost, and Economic Welfare: a Comparative Analysis of Japanese and U.S. Food Labeling Systems

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  • Furuya, K.

Abstract

This paper explores the positive and normative effects of regulations governing the disclosure of product information. As an example, a Japanese food labeling system which requires explicit display of expiration dates is compared with a U.S. system which permits the encoding of expiration dates. The paper shows that, when the sellers cannot price-discriminate items with different shelf ages, the Japanese system will lead to a greater amount of wastage and a higher price that the U.S. system. The welfare ranking is generally indeterminate, but the Japanese system could sometimes yield lower economic welfare by interacting with the pre-existing price distortions.

Suggested Citation

  • Furuya, K., 2000. "Regulation, Living Cost, and Economic Welfare: a Comparative Analysis of Japanese and U.S. Food Labeling Systems," Papers 99-00-26, California Irvine - School of Social Sciences.
  • Handle: RePEc:fth:calirv:99-00-26
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    More about this item

    Keywords

    FOOD ; LABELLING ; CONSUMPTION ; INFORMATION ; SOCIAL POLICY;

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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