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Do defaults matter? Willingness to pay to avoid GM food vis-à-vis organic and conventional food in Denmark, Great Britain and Spain AgEcon
Costa-Font, Montserrat; Tranter, Richard B.; Gil, Jose Maria; Jones, Philip J.; Gylling, Morten.
The introduction and communication of new technologies in the food industries has given rise in the past to some scientific uncertainty that hampers informed choice. Here we draw upon the case of Genetically Modified (GM) technology and, in particular, on different types of GM food, to investigate consumers’ behavioural reactions to GM food as well as their willingness to pay for avoiding GM food in three EU countries, Denmark, GB and Spain in 2007. Our unique contribution lies in that our empirical analysis concerns two food products containing different characteristics. In particular, we compare consumers’ reactions to cornflakes (to represent a processed food) and tomatoes (to represent a 'fresh' food) juxtaposed with GM and conventionally produced...
Tipo: Conference Paper or Presentation Palavras-chave: Genetically modified food; Consumer behavior; Choice models; Denmark; Great Britain; Spain; Food Security and Poverty.
Ano: 2010 URL: http://purl.umn.edu/91750
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A BEHAVIORAL APPROACH TOWARDS FUTURES CONTRACT USAGE. AgEcon
Pennings, Joost M.E.; Leuthold, Raymond M..
We propose a behavioral decision-making model to investigate what factors, observable as well as unobservable, owner-managers consider regarding futures contract usage. The conceptual model consists of two phases, reflecting the two-stage decision structure of manager’s use of futures. In the first phase owner-managers consider whether futures are within the market choice set for the enterprise. In the second phase the owner-manager decides whether or not to initiate a futures position when confronted with a concrete choice situation. In both phases owner-manager’s beliefs and perceptions play an important role. The proposed model is tested on a data set of Dutch farmers, based on computer-assisted personal interviews. Because we incorporate latent...
Tipo: Working or Discussion Paper Palavras-chave: Hedging; Futures; Structural equation modeling; Behavioral models; Futures exchanges; Choice models; Farmers; Institutional and Behavioral Economics.
Ano: 2001 URL: http://purl.umn.edu/46448
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