Title: Who Will Bear the Costs of Country-of-Origin Labeling?
Abstract: elasticities at each level of the marketing chain. Furthermore, changes in the well-being of producers and consumers are best estimated by considering changes in producer and consumer surplus. This article reports estimates of short- and long-run changes in market prices and quantities of meat and livestock in the beef, pork, and poultry sectors that would result from the implementation of COOL. We develop a type of economic model that incorporates estimated COOL costs, accounts for interrelationships along the marketing chain for each meat sector, and allows for substitutability among meat products at the consumer level. The model is used to simulate price and quantity adjustments to COOL cost shocks and the impact of potential demand increases that might be induced by COOL. In addition, we estimate cumulative changes in producer welfare at each level of the marketing chain and consumer welfare at the retail level to determine the effects of COOL on consumers and livestock and meat producers.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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