Abstract
In recent years, food safety issues
have emerged one after another. Even food firms
with good reputation are inevitably exposed to food safety incidents related to them by the media. Hence, how the food regulator
can develop a set of food inspection policies meeting the
expectations of the society is an extraordinary
issue that cannot be ignored. The
paper creates an analytical model to examine the food regulator’s inspection policies, taking into account the
possible strategic responses of the
food firms. The results show that the optimal food inspection policy includes heavily inspecting, moderately inspecting,
slightly inspecting, and Laissez faire policy,
depending on inspection cost. The food regulator, on behalf of consumers, is supposed
to adopt an adequate inspection policy inducing food firms to enhance food quality
and ensure food safety.
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IJBMS by IPRPD is licensed under a Creative Commons Attribution 4.0 International License.