Some Problems in Estimating Willingness to Pay with Contingent Valuation Surveys: Case for Consumer Acceptance of Genetically Modified Food

Wen S. Chern and Naoya Kaneko

No 34852, 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: This paper reports results from a U.S. national telephone survey on genetically modified foods. The objectives of this paper are to determine the effect of "indifference" response on the estimate of willingness to pay and to test the assumption of common marginal utility of income among respondents.

Keywords: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 19
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeasm:34852

DOI: 10.22004/ag.econ.34852

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