Effect of information about benefits of biotechnology on consumer acceptance of genetically modified food: evidence from experimental auctions in the United States, England, and France

Consumer Acceptance of Functional Foods in Ho Chi Minh City

“…There are four main types of functional foods including fortified products, enriched products, altered products, and enhanced commodities (Shamal & Mohan, 2015;Siro et al, 2008). Many empirical researches of consumer acceptance using primary data have been conducted in the US and Europe (Siegrist et al, 2015;Ding et al, 2015;Gilbert, 2000;IFIC, 1999IFIC, , 2000Wrick, 1995;Niva, 2000, Anttolainen et al, 2001Bech-Larsen et al, 2001;Makela & Niva, 2002;Urala & Lahteenmaki, 2003, 2004Verbeke, 2005Verbeke, , 2006Verbeke et al, 2001;Van Kleef et al, 2005;Korzen-Bohr&O'doherty Jensen, 2006;Devcich et al, 2007). These papers focused on different aspects, namely, food concept's awareness, consumers' attitude and acceptance, using various approaches including both qualitative and/or quantitative methods (Siro et al, 2008;Verbeke, 2005).…”

“…Nonetheless, the lasted results showed that there was a declining trend in the consumption in the US due to decreasing in taste and satisfaction (Siro et al, 2008). Consumers in Europe, however, were more critical in the choice of foods than their American counterpart despite the increasing importance of healthy foods in their daily intake (BechLarsen & Grunert, 2003;Lusk et al, 2004;Lusk & Rozan, 2005;Siro et al, 2008). European consumers viewed functional or modified foods as "unnatural an impure", especially Danish consumers (Siro et al, 2008).…”

Consumer Purchase Intention towards GeneticallyModified Food: Beneficial, Price, Socio-Demographicand Label Determinants

“…[10] Lusk et al (2004) analyzed the effect of information about potential benefits of biotechnology on consumer acceptance of GM foods. [11] The results indicated that information on environmental benefits, healthy benefits and benefits to the third word significantly decreased the amount of money consumers demanded to consumer GM food. Therefore, an enhanced benefit may not bring a higher purchase intention.…”

A Consistent Econometric Test for Bid Interdependence in Repeated Second-Price Auctions with Posted Prices

“…One camp includes researchers like Harrison (2006) and Corrigan and Rousu (2006) who argue in favour of one-shot institutions rather than repeated institutions. Another camp would include researchers like Lusk and Shogren (Lusk andShogren 2007, Shogren 2006) who tend to be supportive of repeated trials in auctions. Harrison (2006) and Harrison et al (2004) make the argument that posted prices can signal either the extra-experimental market price of the commodity (or a field substitute) or the quality of the commodity which would cause people's bids to become inter-dependent.…”