Elbasha, Elamin H.; ast; Riggs, T. Lynn - In: Agribusiness 19 (2003) 1, pp. 29-42
Food safety presents a double moral hazard problem. This author develops a model of food safety where consumers and producers undertake unobservable preventive measures to reduce the probability of a food-borne illness. Losses from a food-borne illness are shared by consumers and producers...