Moon, Wanki; Balasubramanian, Siva K.; Rimal, Arbindra - In: Journal of Agricultural and Resource Economics 32 (2007) 02
In a survey of UK consumers, we elicited their willingness to accept (WTA) a discount for GM foods and willingness to pay (WTP) a premium for non-GM foods in order to assess their valuation on the non-GM characteristic in food products. Mean WTA is found to exceed mean WTP, suggesting the...