Recent food scares such as the discoveries of Bovine Spongi form Encephalopathy and Ecoli contaminated spinach have heightened interest in food traceability. Here, we show how exogenous increases in food traceability create incentives for farms and marketing firms to supply safer food by...

Foodborne illnesses are an important health issue throughout the world. Food safety incidents cause significant economic losses in a multitude of ways, including discomfort, pain, loss in productivity, and death. This review examines issues in the economics of food safety. We first discuss the...