Food Safety and Spinach Demand: A Generalized Error Correction Model
We estimate an error correction model representing demand for leafy green vegetables but generalize the structure to allow for adjustment to one conspicuous shock. We investigate whether the adjustment rate to the U.S. Food and Drug Administration's (FDA) 2006 warning that fresh spinach was con...
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| Veröffentlicht in: | Agricultural and resource economics review 2011-09, Vol.40 (2), p.251-265 |
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| creator | Arnade, Carlos Kuchler, Fred Calvin, Linda |
| description | We estimate an error correction model representing demand for leafy green vegetables but generalize the structure to allow for adjustment to one conspicuous shock. We investigate whether the adjustment rate to the U.S. Food and Drug Administration's (FDA) 2006 warning that fresh spinach was contaminated with deadly bacteria was distinct from the overall adjustment rate. Our model allows consumers to correct both for past errors and for any errors in their reaction to the shock. This method yields an estimate of the adjustment rate to the policy shock and points to an improved estimate of the duration of policy impacts. |
| doi_str_mv | 10.1017/S1068280500008042 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1068-2805 |
| ispartof | Agricultural and resource economics review, 2011-09, Vol.40 (2), p.251-265 |
| issn | 1068-2805 2372-2614 |
| language | eng |
| recordid | cdi_proquest_journals_908810142 |
| source | AgEcon; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Consumers Contributed Papers E coli Econometrics Equilibrium Error correction & detection Food safety Investigations Prices Spinach Variables |
| title | Food Safety and Spinach Demand: A Generalized Error Correction Model |
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