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Consumers' willingness to pay for food products decreases when the food label indicates that a food product is produced with the aid of modern biotechnology. This bulletin presents empirical evidence on consumers' willingness to pay for biotech foods based on the presence or absence of labels...
Persistent link: https://www.econbiz.de/10005338947
With the controversy over genetically modified (GM) foods continuing to grow, there has been a major push for mandatory labeling of GM foods by consumer advocacy and environmental groups in the United States. These groups maintain that consumers would benefit from labels. Other groups think that...
Persistent link: https://www.econbiz.de/10005339006
Controversy surrounds the introduction of genetically modified foods. One key issue relates to tolerance levelsï¾—the impurity rate tolerated before a commodity must be labeled. Currently, the United States has not defined a tolerance level for genetically modified foods. This paper uses...
Persistent link: https://www.econbiz.de/10005154663
In most environments, information is critical to consumersï¾’ 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...
Persistent link: https://www.econbiz.de/10005154918
With the continuing controversy over genetically modified (GM) foods, some groups advocate mandatory labeling of these products, while other groups oppose labeling. An important issue is how GM labels affect consumers' willingness to pay for these food products in the market. Using a...
Persistent link: https://www.econbiz.de/10005154978
Huffman, Wallace E., Matthew Rousu, J.F. Shogren, and A. Tegene. "The Welfare of Implementing Mandatory GM Labeling in the United States," in R.E. Evenson and V. Santaniello, Eds., Consumer Acceptance of Biotechnology Foods, CAB International, forthcoming.
Persistent link: https://www.econbiz.de/10005155086
Persistent link: https://www.econbiz.de/10009392537
We use a logit adoption model with data on 941 U.S. corn producers from the 1996 Agricultural Resource Management Study to analyze the influence of land tenure on the adoption of conservation practices. We extend previous analyses by distinguishing renters according to lease type and by...
Persistent link: https://www.econbiz.de/10009392846
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