Journal or Book Title
American Journal of Agricultural Economics
First Page or Article ID Number
During the twentieth century, research and development (R&D) has produced a steady stream of inventions and new consumer goods, many of which have been adopted and proven to be the source of a rising standard of living (Boskin et al.). The introduction of new goods, however, creates a disequilibrium (Hausman), which in turn creates a demand by economic agents for objective information to assist in making decisions on adoption and use (Schultz).1 The consumer's challenge is to sort through the various, competing and sometimes conflicting, sources of information.
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Huffman, Wallace E.; Rousu, Matthew; Shogren, Jason F.; and Tegene, Abebayehu, "Who Do Consumers Trust for Information: The Case of Genetically Modified Foods?" (2004). Economics Publications. 362.