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South Korean Public Preferences for Genetically Modified Foods: A Random-Parameter Model

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  • Onyango, Benjamin M.
  • Govindasamy, Ramu

Abstract

Food biotechnology promises to deliver a wide range of enhanced consumer benefits. This study models consumer's willingness to trade-off the potential risks of GM foods with the possibility of extracting significant benefits. It estimates the marginal effects and relationships between product characteristics and consumer attributes on acceptance of GM foods for South Korea.

Suggested Citation

  • Onyango, Benjamin M. & Govindasamy, Ramu, 2005. "South Korean Public Preferences for Genetically Modified Foods: A Random-Parameter Model," Journal of Food Distribution Research, Food Distribution Research Society, vol. 36(1), pages 1-9, March.
    • Handle: RePEc:ags:jlofdr:26752
    DOI: 10.22004/ag.econ.26752
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    References listed on IDEAS

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    1. Feldmann, Matthew P. & Morris, Michael L. & Hoisington, David, 2000. "Genetically Modified Organisms: Why All The Controversy?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 15(1), pages 1-5.
    2. Senauer, Benjamin, 2001. "The Food Consumer In The 21st Century: New Research Perspectives," Working Papers 14346, University of Minnesota, The Food Industry Center.
    3. John M. Antle, 1999. "The New Economics of Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 993-1010.
    4. Louviere,Jordan J. & Hensher,David A. & Swait,Joffre D., 2000. "Stated Choice Methods," Cambridge Books, Cambridge University Press, number 9780521788304, September.
    5. Hallman, William K. & Adelaja, Adesoji O. & Schilling, Brian J. & Lang, John T., 2002. "Public Perceptions Of Genetically Modified Foods: Americans Know Not What They Eat," Research Reports 18176, Rutgers University, Food Policy Institute.
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    Keywords

    Consumer/Household Economics;

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