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 intragenicgenetically modified (GM) traits. Participants in auctions are randomly chosen adult consumersin major US metropolitan areas and...

In most environments, information is critical to consumer's decision making. Consumers have prior beliefs about quality and price of goods and services and obtain new information which is used to update these prior beliefs or to form posterior beliefs, i.e., Bayesian learning. New food products...

This report examines potential impacts on export markets and prices from commercializing GMOhard red spring wheat in the U.S. within the next two to six years. GMO crop technology offerspossible large benefits to consumers in the future, if plant-breeding concepts in the developmentstage...

This paper addressed the puzzling resistance of Presidents of southern African countries to food aid in 2002, given near certain starvation and long-term negative health effects of malnutrition of their constituents. First, I show that NGOs led by Greenpeace and Friends of the Earth are...

Two interested parties dominate the current debate on genetically modified (GM) foods: environmental groups and agribusiness companies. For the average consumer to arrive at an informed decision on these new foods, they must rely on information from interested parties. Unfortunately, information...