Public Perceptions and Willingness-to-Pay a Premium for Non-GM Foods in the US and UK

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Public Perceptions and Willingness-to-Pay a Premium for Non-GM Foods in the US and UK

Please use this identifier to cite or link to this item: http://hdl.handle.net/10355/331

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Title: Public Perceptions and Willingness-to-Pay a Premium for Non-GM Foods in the US and UK
Author: Moon, Wanki; Balasubramanian, Siva Kumar
Keywords: benefit perception
risk perception
willingness-to-pay
Date: 2001
Publisher: AgBioForum
Citation: AgBioForum, 4(3&4) 2001: 221-231.
Abstract: This study uses consumer survey data collected in the United States (US) and United Kingdom (UK) to examine the linkages between subjective risk and benefit perceptions and willingness-to-pay a premium for non-genetically modified (non-GM) foods. While UK consumers were significantly more willing to pay a premium to avoid GM foods than US consumers, risk and benefit perceptions clearly translated into behavioral intentions as measured with willingness-to-pay in both countries. More importantly, this paper establishes that risk perception exerts a greater impact on willingness-to-pay than benefit perception.
URI: http://hdl.handle.net/10355/331
ISSN: 1522-936X

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