Prospect Value Analysis of Food Safety Punitive Damage System in China

DOI

10.2991/meic-15.2015.284How to use a DOI?

Keywords

food safety; prospect theory; punitive damage; simulation

Abstract

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.

Copyright

© 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/).

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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  -