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CONSUMER WILLINGNESS TO PAY FOR REDUCTIONS IN THE RISK OF FOOD POISONING IN THE UK
Author(s) -
Henson Spencer
Publication year - 1996
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1996.tb00701.x
Subject(s) - contingent valuation , willingness to pay , safer , food safety , environmental health , valuation (finance) , actuarial science , business , economics , medicine , microeconomics , statistics , finance , pathology , mathematics
The paper employs contingent valuation to estimate “willingness to pay” for reductions in the risk of food poisoning. The analysis accounts for the range of adverse health effects resulting from nonfatal cases of food poisoning as well as the risk of loss of life. A number of hypotheses regarding the value consumers attach to improvements in food safety are explored based on the results from a contingent valuation survey. Regression analysis is used to assess the factors influencing expressed “willingness to pay” for safer food, including demographic factors, personal experience of food poisoning and beliefs and attitudes about food‐borne risk.