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Kaneko, Naoya; Chern, Wen S.. |
This paper reports results from a pilot U.S. national telephone survey on genetically modified foods (vegetable oil, cornflake cereal, and salmon). The survey featured contingent valuation in which respondents chose between the GM and non-GM alternatives. The binary and multinomial logit models yield estimated willingness to pay to avoid the GM alternatives. Perceived risk of GM food is an important determinant of GM choice along with the price. Respondents are willing to pay 41.2%, 31.4%, 40.9%, and 52.5% of the base prices to avoid GM vegetable oil, GM cornflakes, GM-fed salmon, and GM salmon, respectively. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
Ano: 2003 |
URL: http://purl.umn.edu/21999 |
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Kaneko, Naoya; Chern, Wen S.. |
This paper reports results from a U.S. national telephone survey on genetically modified foods (vegetable oil, cornflakes, and salmon). The survey featured a contingent valuation in which respondents chose between the GM and non-GM alternatives with an option of indifference. The binomial and multinomial logit models yielded estimated willingness to pay (WTP) to avoid the GM alternatives. Respondents were willing to pay 20.9%, 14.8%, 28.4%, and 29.7% of the base prices to avoid GM vegetable oil, GM cornflakes, GM-fed salmon, and GM salmon, respectively. The inclusion of indifference option could increase the sample size and moderate the mean WTP. |
Tipo: Journal Article |
Palavras-chave: Contingent valuation; GMO; Multinomial logit model; Telephone survey; Willingness to pay; Q0; D1. |
Ano: 2005 |
URL: http://purl.umn.edu/43504 |
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Chern, Wen S.; Kaneko, Naoya; Tarakcioglu, Gulay Babadogan. |
This paper presents the results of experimental auctions of the orange juice processed with the pulsed electric field (PEF) technology. A series of experimental auctions are conducted to elicit consumers' willingness to pay (WTP) for the PEF orange juice along with WTP for three other types of orange juice: unprocessed (fresh), thermally processed not-from-concentrate, and thermally processed from-concentrate orange juice. We adopt the second-price sealed-bid auction. With this auction method, the highest bidder claims the product at the price equal to the second highest bid. The auction results show that unprocessed "fresh" juice had the highest mean bidding price of $2.68/half gallon. The second-highest mean bidding price was for PEF juice at... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
Ano: 2003 |
URL: http://purl.umn.edu/21897 |
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