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Some Problems in Estimating Willingness to Pay with Contingent Valuation Surveys: Case for Consumer Acceptance of Genetically Modified Food

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Author Info
Chern, Wen S.
Kaneko, Naoya
Abstract

This paper reports results from a U.S. national telephone survey on genetically modified foods. The objectives of this paper are to determine the effect of "indifference" response on the estimate of willingness to pay and to test the assumption of common marginal utility of income among respondents.

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Publisher Info
Paper provided by Southern Agricultural Economics Association in its series 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama with number 34852.

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Date of creation: 2007
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Handle: RePEc:ags:saeasm:34852

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Related research
Keywords: Genetically modified foods; contingent valuation; willingness to pay; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lusk, Jayson L. & Jamal, Mustafa & Kurlander, Lauren & Roucan, Maud & Taulman, Lesley, 2005. "A Meta-Analysis of Genetically Modified Food Valuation Studies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 30(01), April. [Downloadable!]
  2. Fernandez-Cornejo, Jorge & McBride, William D., 2002. "Adoption Of Bioengineered Crops," Agricultural Economics Reports 33957, United States Department of Agriculture, Economic Research Service. [Downloadable!]
  3. House, Lisa & Lusk, Jayson & Jaeger, Sara & Traill, W. Bruce & Moore, Melissa & Valli, Carlotta & Morrow, Bert & Yee, Wallace M.S., 2004. "Objective And Subjective Knowledge: Impacts On Consumer Demand For Genetically Modified Foods In The United States And The European Union," 2004 Annual meeting, August 1-4, Denver, CO 20125, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  4. Wuyang Hu, 2004. "Trading off health, environmental and genetic modification attributes in food," European Review of Agricultural Economics, Oxford University Press for the Foundation for the European Review of Agricultural Economics, vol. 31(3), pages 389-408, September.
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This page was last updated on 2009-12-11.

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