Differentiating the consumer benefits from labeling of GM food products

S. Scatasta, J.H.H. Wesseler, J.E. Hobbs

Research output: Contribution to journalArticleAcademicpeer-review

12 Citations (Scopus)

Abstract

Although recurrent evidence is found that consumers have different willingness to pay for GM and non-GM products, there is disagreement in the scientific community about the size of consumer benefits from GM labeling. In this article we use a theoretical model based on a standard constant elasticity of substitution (CES) to explain the importance of the quality effect. It is shown that failing to consider the quality effect may yield an overestimation of benefits from GM labeling, voluntary or mandatory.
Original languageEnglish
Pages (from-to)237-242
JournalAgricultural Economics
Volume37
Issue number2-3
DOIs
Publication statusPublished - 2007

Keywords

  • genetically-modified food
  • monopolistic competition
  • preferences
  • information

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