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dc.contributor.authorTuan, Francis C.eng
dc.contributor.authorBai, Junfeieng
dc.contributor.authorHuang, Jikuneng
dc.contributor.authorLin, Williameng
dc.contributor.authorSomwaru, Agapieng
dc.coverage.spatialChinaeng
dc.date.issued2006eng
dc.descriptionIncludes bibliographical referenceseng
dc.description.abstractBased on a large-scale survey, this study employs the contingent valuation method to estimate consumers' willingness to pay (WTP) for biotech foods in China and to account for the effects of respondents' characteristics on the likelihood of purchasing biotech foods and WTP. The survey, covering 1,100 consumers in 11 small-to-large cities (including Beijing and Shanghai) along China's eastern coast, was conducted in the fall of 2002. Although the survey covers eight different kinds of biotech foods, soybean oil made from imported biotech soybeans and insect-resistant biotech rice are the focus. A majority— about 60% or higher—of respondents were willing to purchase biotech foods without any price discounts. However, about 20% of them would only accept non-biotech foods. Price premiums that respondents were willing to pay for non-biotech foods averaged about 23-53% for non-biotech soybean oil and 42-74% for non-biotech rice. The lower bound WTP comes closer to the true value in light of hypothetical bias associated with the contingent valuation method.eng
dc.identifier.citationAgBioForum, 9(3) 2006: 166-179.eng
dc.identifier.issn1522-936Xeng
dc.identifier.urihttp://hdl.handle.net/10355/79eng
dc.publisherAgBioForumeng
dc.relation.ispartofcollectionAgBioForum, vol. 9, no. 3 (2006)eng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. College of Agriculture, Food and Natural Resources. Division of Applied Social Sciences. Department of Agricultural Economics. Economics and Management of Agrobiotechnology Center. AgBioForum (Journal)eng
dc.subjectChinaeng
dc.subjectwillingness to payeng
dc.subjectBiotech foodseng
dc.subjectcontingent valuation methodeng
dc.subjectsemi-double-bounded dichotomous choice modeleng
dc.subject.lcshConsumers' preferenceseng
dc.subject.lcshGenetically modified foods -- Public opinioneng
dc.subject.lcshWillingness to payeng
dc.titleConsumers' Willingness to Pay for Biotech Foods in China: A Contingent Valuation Approacheng
dc.typeArticleeng


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