By Robert E Evenson, Vittorio Santaniello
In recent times there were expanding issues concerning the capability wellbeing and fitness dangers of genetically converted meals. patron perceptions fluctuate among international locations, yet are most likely so much mentioned in Europe and least in North the USA. those have had a profound and arguable impression at the improvement of markets for GM items. This publication offers a compilation of stories of buyer popularity to GM meals. Theses reviews applied varied equipment and facts together with: expense and expenditure info; experimental equipment; ''willingness to pay''; customer attitudes; and monetary results. Case reports disguise a number of international locations, together with the united states, a number of ecu international locations, Japan, New Zealand and Colombia. Chapters are in response to papers provided at conferences of the foreign Consortium on Agricultural Biotechnology study, held in Ravello, Italy.
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M. R. (1991) Consumer demand for food and food safety: models and applications. A. ) Economics of Food Safety. , New York, 4–27. J. (1961) The economics of information. Journal of Political Economy 69, 213–225. J. S. (1977) De gustibus non est disputandum. American Economic Review 67, 76–90. F. and Roe, B. (1998) The economics of labeling: an overview of issues for health and environmental disclosure. Agricultural and Resource Economics Review October, 140–150. , Roe, B. L. (2000) Can eco-labels tune a market?
Estimated price and expenditure elasticities for frozen pizza. 3d. Estimated price and expenditure elasticities for frozen processed fish. 9992 Uncompensated GM-labelled fish Unlabelled fish Compensated GM-labelled fish Unlabelled fish Expenditure expenditure share in that category, and in 1 week 54% of the market share – far in excess of the other three food categories. The price and expenditure elasticities for frozen processed meat were reasonable and consistent with theory. 01). 68. The own- and cross-price elasticities, both uncompensated and compensated, as well as expenditure elasticities appear reasonable.
Nor did they alter their purchasing behaviour towards such foods after the labels were removed nearly 3 years later. We do not know why Dutch consumers did not alter their purchasing patterns in the presence of positive GM labels. Our data do not allow such insight. It could be that a majority of Dutch consumers are more accepting of the technology (Hamstra and Smink, 1996; Hoban, 1997; Zechendorf, 1998). Or it could be that Dutch consumers have a high level of trust in their food supply (Hamstra, 1993) and were therefore less concerned about purchasing GM foods.