A MULTI-COUNTRY ASSESSMENT OF CONSUMER ATTITUDES OF GENETICALLY MODIFIED FOODS AND THE IMPLICATIONS FOR NEW LABELING SYSTEM
Hyun Kim () and
No 19989, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper estimates the willingness to pay (WTP) for non-genetically modified (GM) vegetable oil and tofu in Korea by using contingent valuation (CV) method and compares this WTP with Japan, Norway, Taiwan and the U.S. It also recovers the distribution of WTP by using a bootstrapping approach to provide a better measure of consumer's WTP on non-GM foods. Especially, we pay attention to the different characteristics of vegetable oil and tofu; vegetable oil made from GM soybeans doesn't have genetically altered protein, but tofu made from GM soybean has genetically altered protein. For this reason, vegetable oil made from GM soybeans is excluded from mandatory GM labeling system in Korea. Therefore, in this paper, the potential differences between WTP for non-GM vegetable oil and non-GM tofu are also investigated in order to evaluate the questions regarding the relevance of the introduction of new labeling system in Korea.
Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:19989
Access Statistics for this paper
More papers in 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().