Moon, Wanki; Balasubramanian, Siva K.; Rimal, Arbindra - Agricultural and Applied Economics Association - AAEA - 2006
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 of the non-GM characteristic in food products. Mean WTA exceeds mean WTP, a finding that suggests the...