Ferrier, Peyton Michael - 2004
consumers are heterogeneous in their preferences for quality. The first essay, 'The Welfare Benefits of USDA Beef Quality … Certification Programs,' estimates the consumer welfare benefits from the increase in scope of USDA beef quality certification … programs in the 1990's. Between 1975 and 1999, beef demand fell by 66% (Marsh, 2003) and its share of the overall meat market …