Carlsson, Fredrik () (Department of Economics, School of Economics and Commercial Law, Göteborg University) Frykblom, Peter (Department of Economics, Appalachian State University) Lagerkvist, Carl-Johan () (Swedish University of Agricultural Sciences)
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Applying an experiment on the choice of consumer goods, we show that Swedish consumers do not regard genetically modified (GM) food as being equivalent to conventional food. A central argument by proponents of GM is that the end products are identical to those where GM has not been used. That respondents in our survey disagree with this argument is supported by two observations. First, a positive significant WTP is found for a mandatory labeling policy. This result confirms previous observations that GM food can be a credence good causing a market failure. Second, consumers are also willing to pay a significantly higher product price to ensure a total ban on the use of GM in animal fodder. Even if scientists and politicians argue that most of today’s GM food is indistinguishable from GM-free food,consumers disagree.´
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Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number
129.
Length: 16 pages Date of creation: 12 Mar 2004 Date of revision: Handle: RePEc:hhs:gunwpe:0129
Contact details of provider: Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden Phone: 031-773 10 00 Web page: http://www.handels.gu.se/econ/ More information through EDIRC
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