Should the United States Regulate Mandatory Labeling for Genetically Modified Foods?
Wallace Huffman,
Matthew Rousu,
Jason Shogren and
Abebayehu Tegene
Staff General Research Papers Archive from Iowa State University, Department of Economics
Abstract:
Public debate continues over whether the United States should regulate genetically modified (GM) foods by imposing a mandatory labeling policy. This paper develops a model that shows that a voluntary GM-labeling policy results in higher welfare than a regulated mandatory GM-labeling policy, if consumers can accurately read the signals in each market. We then develop an experiment that shows consumers behave as if they can accurately identify signals for GM foods. Our model and results support the perspective that the United States has been prudent in fending off calls for regulations demanding a mandatory GM-labeling policy.
Keywords: genetically modified foods; laboratory auctions; vegetable oil; tortilla chips; russet potatoes; mandatory labeling; voluntary labeling; nth-price auction (search for similar items in EconPapers)
Date: 2002-10-30
New Economics Papers: this item is included in nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)
Downloads: (external link)
http://www2.econ.iastate.edu/papers/p3814-2002-10-30.pdf (application/pdf)
Related works:
Working Paper: SHOULD THE UNITED STATES REGULATE MANDATORY LABELING FOR GENETICALLY MODIFIED FOODS? (2002) 
Working Paper: Should the United States Regulate Mandatory Labeling for Genetically Modified Foods? (2002) 
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:isu:genres:10047
Access Statistics for this paper
More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().