Consumers' Willingness to Pay for Biotech Foods in China

William Lin, Agapi Somwaru, Francis Tuan, Jikun Huang and Junfei Bai

No 19569, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Based on a large-scale consumer survey, this study employs a semi-double-bounded dichotomous choice model to estimate the mean willingness to pay (WTP) for biotech foods in China. The study also accounts for the effects of respondents' characteristics on the probability of purchasing biotech foods and WTP. Analyses focus on biotech soybean oil and insect-resistant biotech rice.

Keywords: Biotech foods; willingness to pay; China; contingent valuation method; semi-double-bounded dichotomous choice model; Consumer/Household Economics (search for similar items in EconPapers)
Date: 2005
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea05:19569

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