Lusk, Jayson L.; Norwood, F. Bailey - In: Applied Economic Perspectives and Policy 33 (2011) 4, pp. 463-483
This article highlights some key areas where economics can contribute to the current debate about animal welfare …. Production economics reveals that producers will not maximize animal welfare, even if animal well-being is highly correlated with … output. Welfare economics raises thorny issues about the double-counting of benefits when humans exhibit altruism towards …