To be effective, groups that disseminate information need the trust of consumers. When multiple groups provide conflicting information on a new product or process like GM-foods, consumers place different levels of trust in the various sources. We present a model of the contributions of personal...

Rousu, M., W.E. Huffman, J.F. Shogren, and A. Tegene. ﾓEstimating the Public Value of Information: Genetically Modified Foods,ﾔ Land Economics, forthcoming.

This study illustrates an application of experimental auction methods, using both experimental economics and experimental design, to evaluate consumer perceptions and willingness to pay (WTP) for fresh pork chops. We test and reject hypotheses that (a) market prices and consumers' WTP are...

Food products containing genetically modified (GM) ingredients have entered the market over the past decade. The biotech industry and environmental groups have disseminating conflicting private information about GM foods. This paper develops a unique methodology for valuing independent...

Hayes, D.J., J.B. Kliebenstein, J.F. Shogren, and J.A. Fox. "Economics of Food Safety," Proceedings of Food Safety Consortium Annual Meeting, Kansas City, MO, Oct. 25-26, 1995, pp. 73-74.

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Public debate continues over whether the United States should regulate genetically modified (GM) foods by imposing a mandatory labeling policy. This paper develops a model that shows that a voluntary GM-labeling policy results in higher welfare than a regulated mandatory GM-labeling policy, if...

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A research study explored a version of economist W. Vickrey's second-price, sealed-bid auction used for the valuation of nonmarket goods. The sensitivity of revealed values generated by this variation were examined. A standard second-price auction with repeated market trials was compared to a...

Atrazine is one of the most effective and inexpensive herbicides used in corn and sorghum production. Atrazine is also one of the most frequently detected chemicals in water systems. This paper uses the CEEPES model to evaluate the benefit-risk tradeoffs associated with five policies to restrict...