Consumers' Willingness to Pay for Biotech Foods in China
AbstractBased on a large-scale consumer survey, this study employs a semi-double-bounded dichotomous choice model to estimate the mean willingness to pay (WTP) for biotech foods in China. The study also accounts for the effects of respondents' characteristics on the probability of purchasing biotech foods and WTP. Analyses focus on biotech soybean oil and insect-resistant biotech rice.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number 19569.
Date of creation: 2005
Date of revision:
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Biotech foods; willingness to pay; China; contingent valuation method; semi-double-bounded dichotomous choice model; Consumer/Household Economics;
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