Can product-information disclosure increase Chinese consumer’s willingness to pay for GM foods? The case of Fad-3 GM lamb
Qihui Chen (),
Gaoshuai Liu and
China Agricultural Economic Review, 2017, vol. 9, issue 3, 415-437
Purpose - The purpose of this paper is to examine Chinese consumers’ level of perception of genetically modified (GM) foods and the determinants of their willingness to pay (WTP) for Fad-3 GM lamb, a newly developed GM product. Design/methodology/approach - Based on a randomized choice experiment involving 576 consumers in Beijing, the authors adopt a double-bounded contingent valuation method to estimate consumers’ WTP for Fad-3 GM lamb, as well as the causal impact of (randomized) product-information disclosure on it. Findings - The econometric result indicates that the randomly disclosed product information describing details about Fad-3 GM lamb, the potential risks associated with the consumption of it, and the related governmental regulation policies raised consumers’ WTP by 6.2 yuan per Jin (or US$2/kilogram). Originality/value - This paper provides new experimental evidence of the effect of product-information disclosure on consumers’ WTP for a newly developed GM food product.
Keywords: Genetically modified food; Food policy; Contingent valuation; Q13 (search for similar items in EconPapers)
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