Estimating the Public Value of Conflicting Information: The Case of Genetically Modified Foods
AbstractEnvironmental groups have be- food products other than those that norcome the chief antagonists toward agricultural bio- mally carry allergens (See Friends of the technology innovations. They demonstrate and dis- Earth 2001; Greenpeace International 2001). seminate private information with the objective of Through press releases, web sites, and pro- changing the behavior of consumers and productests, environmental ers. We use experimental auctions with adult U.S. groups have been succonsumers and show that this information reduces cessful at publicizing their negative views significantly the demand for genetically modified on GM foods and affecting consumers’ and (GM)-food products and that it has significant producer s’ behavior.2 public good value—an average of 3 cents per prod- Environmental groups share the costs uct purchased, or roughly $2 billion annually. We of producing negative GM information.3 also show that the dissemination of independent third-party information about agricultural biotech- Their members benefit collectively from nology dissipatesmost of the public good value of reductions in demand for GM products negative GM-product information.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 80 (2004)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.