Prospect Value Analysis of Food Safety Punitive Damage System in China
- 10.2991/meic-15.2015.284How to use a DOI?
- food safety; prospect theory; punitive damage; simulation
The effectiveness and deterrence of food safety punitive damage system in China have been widely questioned in academic circle. Based on the Prospect Theory, this paper gives an analysis of the causes of frequent food safety incidents with the current punitive damage system in China. Simulation analysis is adopted to acquire the best range of punitive damage coefficient. And it proposes a flexible punitive damage calculation method with more discretionary space. Furthermore, it presents suggestions for improving the existing food safety punitive damage system.
- © 2015, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Hanjie Xiao AU - Yao Chen AU - Jianxin Xu PY - 2015/04 DA - 2015/04 TI - Prospect Value Analysis of Food Safety Punitive Damage System in China BT - Proceedings of the 2015 International Conference on Mechatronics, Electronic, Industrial and Control Engineering PB - Atlantis Press SP - 1248 EP - 1251 SN - 2352-5401 UR - https://doi.org/10.2991/meic-15.2015.284 DO - 10.2991/meic-15.2015.284 ID - Xiao2015/04 ER -