Food safety regulation
1974
Ricardo-Campbell, Rita
Abstract: Benefits and biological risks of chemical additives in food products are analyzed using current economic theory. Econometric models are applied to the food safety regulation decision-making process. Cost/benefit analysis is defined and illustrated in a case study of the 1974 FDA iron enrichment of flour and bread regulation decision. The FDA concluded that although a small number of males are susceptible to an abnormal iron storage disease, low iron levels found in low-income women and children support arguments in favor of increased enrichment. Some researchers suggested iron enrichment of soft drinks (frequently used by women and adolescent girls) was preferable to enrichment of bread (heavily eaten by some males). Some economists suggest delaying a final government decision until there is sufficient research to support the use of cost/benefit analysis and, therefore, to provide a more informed judgment. (cs).
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Informations bibliographiques
Editeur Enterprise Institute for Public Policy Research | Washington : American Enterprise Institute for Public Policy Research, 1974
Editeur Enterprise Institute for Public Policy Research | Washington : American Enterprise Institute for Public Policy Research, 1974
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