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In many countries, including those in the European Union, Japan, Australia, and China, labeling is required for foods that contain genetically modified material. Other countries, including the United States, do not require mandatory labeling of GM foods. The United States, however, does allow...
Persistent link: https://www.econbiz.de/10005513438
Many countries require labeling for GM food products. These countries often have different levels of genetic modification that they will tolerate before a food product must be labeled as genetically modified. For example, the European Union and Australia allow up to one percent of any ingredient...
Persistent link: https://www.econbiz.de/10005513453
With the continuing controversy over genetically modified (GM) foods, some groups advocate mandatory labeling of these products, while other groups oppose labeling. An important issue is how GM labels affect consumers' willingness to pay for these food products in the market. Using a...
Persistent link: https://www.econbiz.de/10005525478
Environmental groups have be- food products other than those that norcome the chief antagonists toward agricultural bio- mally carry allergens (See Friends of the technology innovations. They demonstrate and dis- Earth 2001; Greenpeace International 2001). seminate private information with the...
Persistent link: https://www.econbiz.de/10005003878
This paper examines the market characteristics that push consumers in high income countries to resist GM foods, with an emphasis on negative information from environmental groups and third-party, verifiable information. For this study, unique data were collected from adult consumers in the...
Persistent link: https://www.econbiz.de/10005801143
Consumers' willingness to pay for food products decreases when the food label indicates that a food product is produced with the aid of modern biotechnology. This bulletin presents empirical evidence on consumers' willingness to pay for biotech foods based on the presence or absence of labels...
Persistent link: https://www.econbiz.de/10005338947
With the controversy over genetically modified (GM) foods continuing to grow, there has been a major push for mandatory labeling of GM foods by consumer advocacy and environmental groups in the United States. These groups maintain that consumers would benefit from labels. Other groups think that...
Persistent link: https://www.econbiz.de/10005339006
Genetically modified (GM) foods have been engulfed in considerable controversy, and the early optimism has been dampened. Information issues--labeling and asymmetric information--are central to the GM-food debate. Furthermore, it is important to understand the reaction in developed countries to...
Persistent link: https://www.econbiz.de/10005436755
Persistent link: https://www.econbiz.de/10010932769
"Food products containing genetically modified (GM) ingredients have entered the market over the past decade. The biotech industry and environmental groups have disseminated conflicting private information about GM foods. This paper develops a unique methodology for valuing independent...
Persistent link: https://www.econbiz.de/10005686291