Consumer welfare effects of introducing and labeling genetically modified foodLusk, J. L., House, L. O., Valli, C., Jaeger, S. R., Moore, M., Morrow, B. and Traill, W. B. (2005) Consumer welfare effects of introducing and labeling genetically modified food. Economics Letters, 88 (3). pp. 382-388. ISSN 0165-1765 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1016/j.econlet.2005.03.009 Abstract/SummaryNon-hypothetical valuations obtained from experimental auctions in three United States and two European locations were used to calculate welfare effects of introducing and labeling of genetically modified food. Under certain assumptions, we find that introduction of genetically modified food has been welfare enhancing, on average, for United States consumers but not so for Europeans and while mandatory labeling has been beneficial for European consumers, such a policy would be detrimental in the United States. (c) 2005 Elsevier B.V. All rights reserved.
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