Show simple item record

dc.contributor.authorIvanek, Renata
dc.contributor.authorGrohn, Yrjo T.
dc.contributor.authorTauer, Loren W.
dc.contributor.authorWiedmann, Martin
dc.date.accessioned2018-08-21T17:10:10Z
dc.date.available2018-08-21T17:10:10Z
dc.date.issued2003-10
dc.identifier.urihttps://hdl.handle.net/1813/57921
dc.descriptionWP 2003-32 October 2003
dc.description.abstractThe objectives of this review were to evaluate economic techniques used to determine the cost and benefit of Listeria monocytogenes control and to estimate the economic optimum of L. monocytogenes food safety measures. The level of food safety measures is optimal if marginal benefit and marginal cost equate. Estimates of benefit and cost of L. monocytogenes food safety measures, from available published literature, are derived from different methods of economic analysis (willingness-to-pay, cost-of-illness, cost function, event study methods). The estimated annual benefit and cost of L. monocytogenes food safety measures ranged from $2.3 billion to $22 billion and from $0.01 billion to $2.4 billion, respectively. The estimated marginal benefit exceeds the estimated marginal cost, which implies that more food safety measures are warranted before the optimal level of L. monocytogenes food safety can be reached. However, due to considerable lack of data the optimal level of L. monocytogenes food safety measures could not be estimated. When better data become available, this study can serve as a template for estimating the optimal level of food safety. The understanding of the economic optimum of food safety level will contribute to designing a control program that is economical and acceptable for US society.
dc.language.isoen_US
dc.publisherCharles H. Dyson School of Applied Economics and Management, Cornell University
dc.titleThe Cost and Benefit of Listeria Monocytogenes Food Safety Measures
dc.typearticle
dcterms.licensehttp://hdl.handle.net/1813/57595


Files in this item

Thumbnail

This item appears in the following Collection(s)

  • Dyson School Working Papers
    Working Papers published by the Charles H. Dyson School of Applied Economics and Management, Cornell University

Show simple item record

Statistics