Consumer acceptance of genetically modified foods: traits, labels and diverse information Huffman, Wallace Huffman, Wallace
dc.contributor.department Economics 2018-02-17T17:44:08.000 2020-06-30T02:11:52Z 2020-06-30T02:11:52Z 2010-08-27
dc.description.abstract <p>New experimental economic methods are described and used to assess consumers' willingness to pay for food products that might be made from new transgenic and intragenic genetically modified (GM) traits. Participants in auctions are randomly chosen adult consumers in major US metropolitan areas and not college students. Food labels are kept simple and focus on key attributes of experimental goods. Diverse private information from the agricultural biotech industry (largely Monsanto and Syngenta), environmental groups (largely Greenpeace and Friends of the Earth) and independent third-party information is used to construct the information treatments. Food labels and information treatments are randomized, which is a deviation from traditional lab methods. Auctions are best described as sealed bid random n-th price and not the standard Vickery 2nd price auctions. I show that participants in these experiments respond to both food labels and information treatments, but no single type of information is dominant</p>
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dc.identifier archive/
dc.identifier.articleid 1120
dc.identifier.contextkey 8689626
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_workingpapers/121
dc.source.bitstream archive/|||Fri Jan 14 19:12:46 UTC 2022
dc.subject.disciplines Economics
dc.subject.keywords GMOs
dc.subject.keywords genetically modified foods
dc.subject.keywords food labeling
dc.title Consumer acceptance of genetically modified foods: traits, labels and diverse information
dc.type article
dc.type.genre working_paper
dspace.entity.type Publication
relation.isAuthorOfPublication d9eff576-b4ca-4da5-942d-c21c96bcb303
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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