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Using proprietary data from Alibaba, we examine how the 2015 Food Safety Law (FSL) affects e-commerce in China. The FSL …
Persistent link: https://www.econbiz.de/10012482103
In the mid-19th century, the urban milk supply in the United States was regularly skimmed or diluted with water, reducing its nutritional value. At the urging of public health experts, cities across the country hired milk inspectors, who were tasked with collecting and analyzing milk samples...
Persistent link: https://www.econbiz.de/10012794647
We exploit variation in the composition of local fish catches around the time of birth using administrative and census data on adult cognitive test scores, schooling attainment, and occupation among coastal populations in Colombia to estimate the causal effects of early-life consumption of...
Persistent link: https://www.econbiz.de/10012481914
This paper reports estimates of consumers' preferences for plans to improve food safety. The plans are distinguished based on whether they address the ex ante risk of food borne illness or the ex post effects of the illness. They are also distinguished based on whether they focus on a public...
Persistent link: https://www.econbiz.de/10012464359
In the United States, drug safety and efficacy are primarily regulated by the Food and Drug Administration (FDA) and the legal system, which gives manufacturers large incentives to produce safe drugs and provide proper warnings for side effects, since patients can sue manufacturers that provide...
Persistent link: https://www.econbiz.de/10012465086
Comparing the safety of prescription drugs over time is difficult due to the paucity of reliable quantitative measures of drug safety. Both the academic literature and popular press have focused on drug withdrawals as a proxy for breakdowns in the drug safety system. This metric, however, is...
Persistent link: https://www.econbiz.de/10012465856
Implicit in the drug-approval process is a trade-off between Type I and Type II error. We explore the application of Bayesian decision analysis (BDA) to minimize the expected cost of drug approval, where relative costs are calibrated using U.S. Burden of Disease Study 2010 data. The results for...
Persistent link: https://www.econbiz.de/10012457169
overall catch quota to a voluntary cooperative, with the remainder exploited as a commons by those choosing to fish …
Persistent link: https://www.econbiz.de/10012462317
case of perfect competition, an outside owner achieves the first-best; a cooperative typically does not because the rent …'s preferences may not reflect average preferences. Second, in the case where the members of a cooperative have common preference …
Persistent link: https://www.econbiz.de/10012472387
distorts incentives. I assume that employment contracts are incomplete. In the model cooperative members pay in a capital … function of output. If the median member has less than average ability, the cooperative will vote for a redistributive schedule …, cooperative members will be reluctant to leave, since this entails forfeiting the dividends on their capital contribution. The …
Persistent link: https://www.econbiz.de/10012472696