The Impact of Labeling Practices on Perceived Quality of GM Food Products: A Revealed Preferences Approach
AbstractThis article contributes to the ongoing discussion about the impact of different labeling practices on the quality of genetically modified (GM) food products as perceived by the consumer. Thus far, many studies have adopted a stated preferences approach, finding that consumers have different willingness to pay for GM and non-GM products. This article offers an empirically tractable theoretical model that can be used easily to investigate the impact of GM labeling practices on the perceived quality of GM food products, making use of market data.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark with number 24599.
Date of creation: 2005
Date of revision:
consumer preferences; genetically modified food products; labeling; quality; variety; elasticity of substitution; Consumer/Household Economics; Q11; Q18; D12;
Find related papers by JEL classification:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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