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| Hobbs, Jill E.; Plunkett, Marni D.. |
| The controversy over genetically modified (GM) foods has swept across Europe and is beginning to make inroads into the North American consumer market. It is set to become a thorny trade issue between the European Union (EU) and the United States. The issue is important, not least because of the potential scale of the problem. There has been a rapid adoption of GM crops by U.S. corn and soybean and Canadian canola producers. Approximately 57 percent of the U.S. soybean harvested acreage in 1999 was in herbicide-tolerant GM varieties (ERS). Soya is a staple in food processing, with approximately 60 percent of processed foods containing soya or soya derivatives. Canola is an important crop on the Canadian prairies. Although estimates vary, the percentage of... |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety. |
| Ano: 2000 |
URL: http://purl.umn.edu/45629 |
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| Plunkett, Marni D.; Gaisford, James D.. |
| The revolution in biotechnology poses pervasive, although not entirely unprecedented, asymmetric information problems. Especially in Europe, but even in North America, there is mounting evidence that consumers do not treat genetically modified foods (GMFs) and their non-modified counterparts as perfect substitutes. If other things such as prices are equal, many consumers would prefer to consume non-GMFs; they perceive GMFs as lower-quality products. While farm-level producers are fully informed on the genetic qualities of their product, final consumers will often be unable to distinguish between the two types of products. Thus, the information structure will only sustain a pooling equilibrium, in which both GMFs and non-GMFs are sold together, or pooled,... |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Marketing. |
| Ano: 2000 |
URL: http://purl.umn.edu/45630 |
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