Comparison of Perception of Risk and Willingness to Consume GM Foods
AbstractThe dichotomy between perceptions of the acceptability of risk associated with genetically modified (GM) foods and willingness to consume GM foods is investigated. Results indicate that some consumers are willing to consume GM foods even though they may perceive such foods as somewhat unsafe, with determinants such as self-perceived knowledge about the availability of GM foods and altruistic motives having positive and significant impacts on their consumption decision. Efforts towards decreasing perceptions of risk and ultimately increasing acceptance of, and demand for, GM foods should address issues related to their altruistic characteristics and outrage.
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Bibliographic InfoPaper provided by North Dakota State University, Department of Agribusiness and Applied Economics in its series Agribusiness & Applied Economics Report with number 6876.
Date of creation: 2008
Date of revision:
Genetic modified foods; multinomial logit; risk perception; willingness to consume GM foods; Food Consumption/Nutrition/Food Safety; Q19; D12;
Find related papers by JEL classification:
- Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports:
- NEP-AGR-2008-12-14 (Agricultural Economics)
- NEP-ALL-2008-12-14 (All new papers)
- NEP-DCM-2008-12-14 (Discrete Choice Models)
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