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Journal of Agricultural and Applied Economics >
Volume 37, Number 03, December 2005 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43504
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| Title: | Willingness to Pay for Genetically Modified Oil, Cornflakes, and Salmon: Evidence from a U.S. Telephone Survey |
| Authors: | Kaneko, Naoya
Chern, Wen S. |
| Keywords: | contingent valuation
GMO
multinomial logit model
telephone survey
willingness to pay |
| JEL Codes: | Q0
D1 |
| Issue Date: | 2005-12 |
| Abstract: | 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. |
| URI: | http://purl.umn.edu/43504 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 37, Number 03, December 2005 |
| Total Pages: | 19 |
| From Page: | 701 |
| To Page: | 719 |
| Collections: | Volume 37, Number 03, December 2005
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Files in This Item:
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| Kaneko 1 JAAE December 2005.pdf | | 823Kb | PDF | View/Open |
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