The market for animal welfare |
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| Authors: | Email author" target="_blank">Jayson?L?LuskEmail author |
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| Institution: | (1) Department of Agricultural Economics, Oklahoma State University, 411 Ag Hall, Stillwater, OK 74078, USA |
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| Abstract: | Animal welfare is emerging as one of the most controversial issues in modern livestock agriculture. Although consumers can
buy free range products in niche markets, some have argued that existing markets cannot solve the animal welfare dilemma because
there are individuals who care about animal well-being who do not eat animal products. This paper proposes a market-based
solution to at least partially manage animal welfare externalities. After discussing the current lack of market incentives
to promote farm animal well-being, a potential scheme to quantify and trade units of farm animal well-being is proposed. The
potential merits and efficacy of an animal welfare market are also discussed. |
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