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Willingness to pay for genetically modified food and non-food products

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Author Info
Christoph, Inken B.
Roosen, Jutta
Bruhn, Maike

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Abstract

This paper presents estimates of consumers’' willingness to pay for a GM food and non-food product based on data collected in a choice experiment. The choice experiment was part of a survey of 1510 randomly selected consumers in Germany that was mailed in spring 2005. Attitudes towards gene technology, institutions and technical progress were measured using 22 items. A factor analysis revealed five factors describing consumer attitudes: support, risk, trust, attitude towards technical progress and attitude towards technical innovation. Based on these factors we identify four different classes of consumers in a latent class model for both products. Analysis of these classes shows strong differences between willingness to pay estimates for benefits compared to risk reduction as well as differences between the classes.

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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number 21303.

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Date of creation: 2006
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Handle: RePEc:ags:aaea06:21303

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Related research
Keywords: Consumer/Household Economics;

References listed on IDEAS
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  1. Noussair, C. & Robin, S. & Ruffieux, B., 2001. "Genetically Modified Organisms in the Food Supply: Public Opinion vs. Consumer Behavior," Purdue University Economics Working Papers 1139, Purdue University, Department of Economics.
  2. Peter Boxall & Wiktor Adamowicz, 2002. "Understanding Heterogeneous Preferences in Random Utility Models: A Latent Class Approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 23(4), pages 421-446, December. [Downloadable!] (restricted)
  3. Henry Kaiser, 1970. "A second generation little jiffy," Psychometrika, Springer, vol. 35(4), pages 401-415, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.

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