Willingness to Pay for Genetically Modified Oil, Cornflakes, and Salmon: Evidence from a U.S. Telephone Survey
| dc.creator | Kaneko, Naoya | |
| dc.creator | Chern, Wen S. | |
| dc.date | 2017-04-01T18:02:21Z | |
| dc.date.accessioned | 2026-07-09T04:32:58Z | |
| dc.description | This paper reports results from a U.S. national telephone survey on genetically modified foods (vegetable oil, cornflakes, and salmon). The survey featured a contingent valuation in which respondents chose between the GM and non-GM alternatives with an option of indifference. The binomial and multinomial logit models yielded estimated willingness to pay (WTP) to avoid the GM alternatives. Respondents were willing to pay 20.9%, 14.8%, 28.4%, and 29.7% of the base prices to avoid GM vegetable oil, GM cornflakes, GM-fed salmon, and GM salmon, respectively. The inclusion of indifference option could increase the sample size and moderate the mean WTP. | |
| dc.identifier | doi:10.22004/ag.econ.43504 | |
| dc.identifier | https://ageconsearch.umn.edu/record/43504/files/Kaneko%201%20JAAE%20December%202005.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/43504 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/551514 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/43504 | |
| dc.title | Willingness to Pay for Genetically Modified Oil, Cornflakes, and Salmon: Evidence from a U.S. Telephone Survey | |
| dc.type | Text |