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- W2183375955 abstract "This paper investigates how consumers react to a major product safety threat. We focus on events in France related to the mad cow disease. Our main goal is to measure the total costs of the crisis for the consumers, including the costs associated with the nutritional composition of the food basket and the loss in utility associated with substituting away from their favorite products. We estimate a full model of demand for meat and recover the parameters of the utility function that weight the importance consumers give to product safety relatively to other product characteristics. The empirical approach enables the study of the patterns of substitution among dierent qualities of beef before and after the event, as well as how heterogeneous demand responses depend on observable and unobservable characteristics of the household. Finally, we do counterfactual" @default.
- W2183375955 created "2016-06-24" @default.
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- W2183375955 date "2014-01-01" @default.
- W2183375955 modified "2023-09-27" @default.
- W2183375955 title "Consumers Response to Product Safety Threats: Evidence from the Mad Cow Disease" @default.
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