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Consumers' Resistance To Genetically Modified Foods In High Income Countries: The Role Of Information In An Uncertain Environment

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Author Info
Huffman, Wallace E.
Rousu, Matthew
Shogren, Jason F.
Tegene, Abebayehu

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Abstract

This paper examines the market characteristics that push consumers in high income countries to resist GM foods, with an emphasis on negative information from environmental groups and third-party, verifiable information. For this study, unique data were collected from adult consumers in the United States who participated in laboratory auctions of three food types with randomly assigned labeling and information treatments. Using U.S. consumers is important because U.S. consumers are generally supportive of GM foods and free from the BSE "food scare" fears and bias towards "natural" that are hypothesized to lead Europeans to reject GM foods. Key findings are that negative GM-product information supplied by environmental groups pushes some consumers out of the market for GM products and increases the probability that all consumers are out of the market for GM-foods. Verifiable information dampens the effectiveness of negative GM-product information. An important finding is that negative information on GM foods from environmental groups, an interested source, can stymie technology adoption in both rich and poor countries, and increase the probability of malnutrition and starvation in poor countries because of both the failure to accept food aid and new GM-technology.

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Publisher Info
Paper provided by International Association of Agricultural Economists in its series 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa with number 25837.

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Date of creation: 2003
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Handle: RePEc:ags:iaae03:25837

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Keywords: Consumer/Household Economics;

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  1. Shogren, Jason F. & Seung Y. Shin & Dermot J. Hayes & James B. Kliebenstein, 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept," American Economic Review, American Economic Association, vol. 84(1), pages 255-70, March.
  2. Robert W. Fogel, 1994. "Economic Growth, Population Theory, and Physiology: The Bearing of Long-Term Processes on the Making of Economic Policy," NBER Working Papers 4638, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Rousu, Matthew & Huffman, Wallace & Shogren, Jason F. & Tegene, Abebayehu, 2002. "The Value of Verifiable Information in a Controversial Market: Evidence from Lab Auctions of Genetically Modified Food," Staff General Research Papers 10009, Iowa State University, Department of Economics. [Downloadable!]
  4. Jerry Hausman, 2003. "Sources of Bias and Solutions to Bias in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 23-44, Winter. [Downloadable!] (restricted)
  5. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March. [Downloadable!] (restricted)
  6. Fox, John & Hayes, Dermot & Shogren, Jay, 2002. "Consumer Preferences for Food Irradiation: How Favorable and Unfavorable Descriptions Affect Preferences for Irradiated Pork in Experimental Auctions," Staff General Research Papers 5207, Iowa State University, Department of Economics.
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  7. Jerry A. Hausman, 1996. "Valuation of New Goods under Perfect and Imperfect Competition," NBER Chapters, in: The Economics of New Goods, pages 207-248 National Bureau of Economic Research, Inc. [Downloadable!]
  8. Smith, Vernon L, 1976. "Experimental Economics: Induced Value Theory," American Economic Review, American Economic Association, vol. 66(2), pages 274-79, May. [Downloadable!] (restricted)
  9. Shogren, Jason F. & Margolis, Michael & Koo, Cannon & List, John A., 2001. "A random nth-price auction," Journal of Economic Behavior & Organization, Elsevier, vol. 46(4), pages 409-421, December. [Downloadable!] (restricted)
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