@article{6bf18e2def314560b9604dbebe7049e9,
title = "The effect of sell-by dates on purchase volume and food waste",
abstract = "This article constructs a theoretical model of rational food waste and analyzes how an extension of a food product's sell-by date affects households{\textquoteright} decisions of purchase volume and food waste. We then use the elimination of New York City's regulation of sell-by dates for pasteurized milk products as an empirical case and examine whether the city's new policy effectively reduces food waste and improves consumer welfare. Our results suggest that the new policy reduces purchase volume by about 10%. Both theoretically and empirically, we show that while the observed quantity declines, the actual consumption of milk increases, implying a reduction in food waste by more than 10%. Furthermore, we prove that this consumer welfare-improving pattern is generalizable to all types of perishable food with price-inelastic demand.",
author = "Yang Yu and Jaenicke, {Edward C.}",
note = "Funding Information: The authors thank the guest editor, Andrea Cattaneo, and two anonymous reviewers for their helpful comments and constructive suggestions. This research is funded, in part, by the USDA-NIFA-AFRI Exploratory Program grant ( 2017-67030-26611 ) from the U.S. Department of Agriculture . The views expressed here are those of the authors and do not necessarily reflect the views of the U.S. Department of Agriculture. The results are the researchers{\textquoteright} own analyses calculated and derived based in part on data from The Nielsen Company (US), LLC and marketing databases provided through the Nielsen Datasets at the Kilts Center for Marketing Data Center at The University of Chicago Booth School of Business. The conclusions drawn from the Nielsen data are those of the researchers and do not reflect the views of Nielsen. Nielsen is not responsible for, had no role in, and was not involved in analyzing and preparing the results reported herein. Funding Information: The authors thank the guest editor, Andrea Cattaneo, and two anonymous reviewers for their helpful comments and constructive suggestions. This research is funded, in part, by the USDA-NIFA-AFRI Exploratory Program grant (2017-67030-26611) from the U.S. Department of Agriculture. The views expressed here are those of the authors and do not necessarily reflect the views of the U.S. Department of Agriculture. The results are the researchers? own analyses calculated and derived based in part on data from The Nielsen Company (US), LLC and marketing databases provided through the Nielsen Datasets at the Kilts Center for Marketing Data Center at The University of Chicago Booth School of Business. The conclusions drawn from the Nielsen data are those of the researchers and do not reflect the views of Nielsen. Nielsen is not responsible for, had no role in, and was not involved in analyzing and preparing the results reported herein. Publisher Copyright: {\textcopyright} 2020 Elsevier Ltd",
year = "2021",
month = jan,
doi = "10.1016/j.foodpol.2020.101879",
language = "English (US)",
volume = "98",
journal = "Food Policy",
issn = "0306-9192",
publisher = "Elsevier BV",
}