Data/hora: 09/06/2024 17:42:03

Provedor de dados: | 31
País: | United States
Título: | Emerging Markets for GM Foods: A Study of  Consumer's Willingness to Pay in India
Autores: | Deodhar,   Satish Y.; Ganesh,   Sankar; Chern,   Wen S.
Data: | 2008-05-06
Ano: | 2008
Palavras-chave: | GM Foods; Golden Rice; Bt cottonseed oil; GM fed chicken; Willingness to Pay; Random utility approach; Logit; India.; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Q13; D12.
Resumo: | A random utility approach is used to estimate logit equations which indicate what factors affect the likelihood of consumption of non-GM and GM foods, and, whether or not consumers are willing to pay a premium for non-GM/GM foods.  Ceteris paribus as the price difference between non-GM and GM food rose, people were more likely to consume GM foods.  Likelihood of GM food consumption was higher in the middle income brackets.  Consumers were willing to pay an expected premium of 19.5% and 16.12% for golden rice and GM edible oil respectively.  In case of chicken, consumers seemed to pay a very negligible premium for non-GM fed chicken.  Overall, it appears that GM foods may be acceptable in the Indian market.  However, basic awareness about the GM foods may have to be created among the consumers through government ministries, consumer interest groups, and biotech food-crop companies.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

29959

http://purl.umn.edu/6348

Relação:

American Agricultural Economics Association&gt;2008 Annual Meeting, July 27-29, 2008, Orlando, Florida

Selected Paper

465629

Formato: | 25