HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS		QUICK SEARCH:   [advanced] Author: Keyword(s): Year:  Vol:  Page:

This Article Full Text (PDF) Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Rousu, M. C. Articles by Tegene, A. Search for Related Content

Estimating the Public Value of Conflicting Information: The Case of Genetically Modified Foods

Environmental groups have become the chief antagonists toward agricultural biotechnology innovations. They demonstrate and disseminate private information with the objective of changing the behavior of consumers and producers. We use experimental auctions with adult U.S. consumers and show that this information reduces significantly the demand for genetically modified (GM)-food products and that it has significant public good value—an average of 3 cents per product purchased, or roughly $2 billion annually. We also show that the dissemination of independent third-party information about agricultural biotechnology dissipates most of the public good value of negative GM-product information. (JEL D83, Q18)

This article has been cited by other articles:

				F. Alfnes and K. Rickertsen Extrapolating experimental-auction results using a stated choice survey Eur. Rev. Agric. Econ., September 18, 2007; (2007) jbm024v1. [Abstract] [Full Text] [PDF]