| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Emerging Markets for GM Foods: A Study of Consumer's Willingness to Pay in India
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| Autores: |
Deodhar, Satish Y.
Ganesh, Sankar
Chern, Wen S.
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| Data: |
2008-05-06
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| Ano: |
2008
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| 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
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| 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.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
29959
http://purl.umn.edu/6348
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| Relação: |
American Agricultural Economics Association>2008 Annual Meeting, July 27-29, 2008, Orlando, Florida
Selected Paper
465629
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| Formato: |
25
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