Who Do Consumers Trust for Information: The Case of Genetically Modified Foods?

Wallace Huffman, Matthew Rousu, Jason Shogren and Abebayehu Tegene

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: During the twentieth century, research and development (R&D) has produced a steady stream of inventions and new consumer goods, many of which have been adopted and proven to be the source of a rising standard of living (Boskin et al.). The introduction of new goods, however, creates a disequilibrium (Hausman), which in turn creates a demand by economic agents for objective information to assist in making decisions on adoption and use (Schultz).1 The consumer's challenge is to sort through the various, competing and sometimes conflicting, sources of information.

Date: 2004-01-01
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Related works:
Journal Article: Who Do Consumers Trust for Information: The Case of Genetically Modified Foods? (2004)
Working Paper: WHO DO CONSUMERS TRUST FOR INFORMATION: THE CASE OF GENETICALLY MODIFIED FOODS (2002)
Working Paper: Who Do Consumers Trust for Information? The Case of Genetically Modified Foods (2002)
Working Paper: Who Do Consumers Trust for Information: The Case of Genetically Modified Foods? (2002)
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