Opponents of the voluntary labeling scheme for genetically modified (GM) food products often argue that consumers have the ?right to know? and therefore advocate mandatory labeling. In this paper we argue against this line of reasoning. Using experimental auctions conducted with a sample of the...

Opponents of the voluntary labeling scheme for genetically modified (GM) food products often argue that consumers have the right to knowʺ and therefore advocate mandatory labeling. In this paper we argue against this line of reasoning. Using experimental auctions conducted with a sample of the...

Opponents of the voluntary labeling scheme for genetically modified (GM) food products often argue that consumers have the right to know and therefore advocate mandatory labeling. In this paper we argue against this line of reasoning. Using experimental auctions conducted with a sample of the...

In this article we use laboratory experiments to investigate (i) consumer acceptance of genetically modified (GM) foods in Germany, (ii) the effect of neutral information on consumer acceptance, and (iii) the existence and the extent of a hypothetical bias. Participants in our sample generally...