第12号提案对加州消费者福利的异质性影响

摘要

CaliforniaÕs Proposition 12 (Prop 12) regulations prohibit certain practices related to the sale of pork within the state and little is known about the demand-side implications. This study uses publicly available survey data and a random utility framework to estimate the welfare loss experienced by Californians in the pork chop and bacon markets. We find that 6.3 and 4.4 percent of California households exit the pork chop and bacon markets, respectively, as a result of Prop 12-related price increases. In aggregate, the state experiences annual consumer welfare losses of $47.5 million on pork chops and bacon.