Consumer welfare effects of introducing and labeling genetically modified food
Non-hypothetical valuations obtained from experimental auctions in three United States and two European locations were used to calculate welfare effects of introducing and labeling of genetically modified food. Under certain assumptions, we find that introduction of genetically modified food has bee...
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| Veröffentlicht in: | Economics letters 2005-09, Vol.88 (3), p.382-388 |
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| container_end_page | 388 |
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| container_title | Economics letters |
| container_volume | 88 |
| creator | Lusk, Jayson L. House, Lisa O. Valli, Carlotta Jaeger, Sara R. Moore, Melissa Morrow, Bert Traill, W. Bruce |
| description | Non-hypothetical valuations obtained from experimental auctions in three United States and two European locations were used to calculate welfare effects of introducing and labeling of genetically modified food. Under certain assumptions, we find that introduction of genetically modified food has been welfare enhancing, on average, for United States consumers but not so for Europeans and while mandatory labeling has been beneficial for European consumers, such a policy would be detrimental in the United States. |
| doi_str_mv | 10.1016/j.econlet.2005.03.009 |
| format | Article |
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| identifier | ISSN: 0165-1765 |
| ispartof | Economics letters, 2005-09, Vol.88 (3), p.382-388 |
| issn | 0165-1765 1873-7374 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38167677 |
| source | RePEc; Elsevier ScienceDirect Journals |
| subjects | Auctions Biotechnology Consumer preferences Empirical research Europe Experimental auctions Experimental economics Food industry Genetic engineering Genetically modified food Labeling Policy U.S.A Welfare |
| title | Consumer welfare effects of introducing and labeling genetically modified food |
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