Hennessy, David A. - In: American Journal of Agricultural Economics 87 (2005) 3, pp. 600-609
increases. Whether optimally regulated or not, equilibrium food safety declines with increased uniformity. A line speed … regulation can increase welfare in the presence of food safety externalities by reducing the opportunity cost of allocating … effort toward promoting food safety. The regulation also reduces packer demand for more uniform animals. Copyright 2005 …