| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Neoclassical consumer theory and genetically modified food
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| Autores: |
Kaye-Blake, William
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| Data: |
2011-01-06
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| Ano: |
2005
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| Palavras-chave: |
Genetically modified food
Neoclassical
Bounded rationality
Choice modelling
Agricultural and Food Policy
Community/Rural/Urban Development
Consumer/Household Economics
Crop Production/Industries
Environmental Economics and Policy
Farm Management
Food Consumption/Nutrition/Food Safety
Research Methods/ Statistical Methods
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| Resumo: |
Three axioms underpin consumer choice in neoclassical theory: weak order, independence, and continuity. Two of these axioms may not hold, however, for consumers’ choices regarding genetically modified (GM) food. Consumers may evaluate product attributes differently depending on whether the food is GM or not, violating attribute independence. Some consumers may not want GM food at all, violating continuity. The axioms were empirically investigated with a choice experiment survey. The paper discusses evidence of violations of both independence and continuity, as well as a non-neoclassical approach to modelling consumer choice.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/98511
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| Relação: |
New Zealand Agricultural and Resource Economics Society>2005 Conference, August 26-27, 2005, Nelson, New Zealand
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| Formato: |
19
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