Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2-2004

Journal or Book Title

Land Economics

Volume

80

Issue

1

First Page or Article ID Number

125

Last Page

135

DOI

10.2307/3147148

Abstract

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 Classification

D83, Q18

Comments

This article is from Land Economics 80 (2004): 125, doi: 10.2307/3147148.

Rights

Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.

Language

en

File Format

application/pdf