Optimal uptake of second-generation genetically-modified crops

William Kaye-Blake, Caroline M. Saunders and John Fairweather

No 137932, 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia from Australian Agricultural and Resource Economics Society

Abstract: The results of a nationwide New Zealand survey into willingness to pay (WTP) for six different genetically modified (GM) food products were used to estimate market-level demand curves for the products. The raw results clearly indicate that different New Zealanders have different WTP for GM food. An estimated sigmoid regression curve showed that, with one exception, the type of GM product offered had little effect on WTP. This estimated demand curve was used to calculate the optimal uptake of GM crops, which is the percentage of total output that should be GM in order to maximise industry revenues.

Keywords: Consumer/Household Economics; Food Security and Poverty; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 20
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/137932/files/2005_kayeblake.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:aare05:137932

DOI: 10.22004/ag.econ.137932

Access Statistics for this paper

More papers in 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().