The paper develops a measure of consumer welfare losses associated with withheld information about BSE linkage with vCJD. food safety. The Cost of Ignorance (COI) is measured by comparing the utility of the informed choice with the utility of the uninformed one, under condition of improved...

This paper aims to measure the time pattern of multiple and resurgent food scares and their direct and cross-product impacts on consumer response. The Almost Ideal Demand System (AIDS) is augmented by a flexible stochastic framework which has no need for additional explanatory variables such as...

This paper aims to propose a flexible stochastic approach to measure the time pattern of a food scare, which does not require the inclusion of additional explanatory variables such as a media coverage indices and easily accommodates the reoccurrence of the same or different scares. We show the...