Measuring Willingness to Accept for GM Food by Characteristics

Kim Tae-Kyun, Lee Hyun-Ji and Hong Na-Kyoung

No 103629, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: Korean consumers' willingness to accept (WTA) for GM food are studied in this paper. This study compares hypothetical and nonhypothetical responses to choice experiment questions. We test for hypothetical bias in a choice experiment involving GM rice with differing characteristic attributes and multinomial logit model is applied to predict the estimated results. In general, hypothetical responses predicted higher probabilities of purchasing GM rice than nonhypothetical responses. Thus, hypothetical choices overestimate willingness to accept for GM rice. The results of this paper could contributes to government's GM food policies and subsequent studies, also improving economic welfare of farmers and consumers.

Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
Pages: 2
Date: 2011
New Economics Papers: this item is included in nep-agr and nep-dcm
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/103629/files/13252.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:103629

DOI: 10.22004/ag.econ.103629

Access Statistics for this paper

More papers in 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().