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U.S. Consumers' Willingness to Pay for Food Labeled 'Genetically Modified' 31
Onyango, Benjamin M.; Nayga, Rodolfo M., Jr.; Govindasamy, Ramu.
This study analyzes U.S. consumers' choice of cornflakes under five different labeling statements. Using a nationwide survey and choice modeling framework, results indicate that consumers value labeling statements differently, depending on the information contained on the label. The random parameter logit model results indicated that, compared to cornflakes that have no label information, cornflakes labeled "contains no genetically modified corn" have a value of 10 percent more, the label "USDA approved genetically modified corn" has a value of 5 percent more, and the label "corn genetically modified to reduce pesticide residues in your food" has a value of 5 percent more. The results also suggest that consumers negatively valued the label "contains...
Tipo: Journal Article Palavras-chave: Genetically modified foods; Labeling genetically modified foods; Random parameter logit model; Demand and Price Analysis.
Ano: 2006 URL: http://purl.umn.edu/10210
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USING A CHOICE EXPERIMENT TO ESTIMATE THE NON-USE VALUES OF WETLANDS: THE CASE OF CHEIMADITIDA WETLAND IN GREECE 31
Birol, Ekin; Karousakis, Katia; Koundouri, Phoebe.
Despite wetlands being amongst the Earth’s most productive ecosystems, they have been degraded and lost at an unprecedented rate globally, especially throughout the last century. In recognition of the importance of the crucial ecological functions and economic benefits they provide, international efforts, such as the Ramsar Convention, and European Union level efforts, such as the Water Framework Directive (2000/60/EC), are now in place to ensure conservation, sustainable management and improvement of the remaining wetlands. This paper aims to assist policy makers in formulating efficient, effective and sustainable wetland conservation and management policies by providing them with the results of a valuation study using the Cheimaditida wetland in Greece...
Tipo: Working or Discussion Paper Palavras-chave: Choice experiment; Non-use values; Wetlands; Conditional logit model; Random parameter logit model; Land Economics/Use.
Ano: 2005 URL: http://purl.umn.edu/31934
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Valuing Animal Welfare with Choice Experiments: An Application to Swedish Pig Production 31
Liljenstolpe, Carolina.
In this paper, the demand for animal welfare attributes when buying pork fillet is investigated among Swedish respondents. More specifically, the coefficients of an indirect utility function and willingness to pay for animal welfare attributes are estimated. The utility function is estimated using a multinomial logit and a random parameter logit model. A realistic scenario when modeling consumer choices is to allow for heterogeneity in preferences. The random parameter logit model departs from the well known IIA property and allows for a more flexible taste distribution across individuals. The need for assuming randomness of some parameters are evaluated by using a specification testing procedure with artificial variables developed by McFadden and Train...
Tipo: Conference Paper or Presentation Palavras-chave: Pig production; Consumer valuation; Animal welfare; Multinomial logit model; Random parameter logit model; Livestock Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/24503
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