Qualitative Choice and Logit Models Applied to Price Optimization

Correa, Luciano

doi:10.1007/978-1-4020-8735-6_4

Innovations and Advanced Techniques in Systems, Computing Sciences and Software Engineering

DOI: 10.1007/978-1-4020-8735-6_4

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Qualitative Choice and Logit Models Applied to Price Optimization

Luciano Correa

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Consumer Acceptance of Gene-Edited versus Genetically Modified Foods in Korea

Son

Lim

2021

IJERPH

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Food made with gene-editing has received considerable attention in recent years because it is claimed to be a little different from traditional genetically modified breeding methods concerning safety. However, consumer acceptance of these novel foods and their potential market uptake remains to be answered. This study aims to assess differences in the acceptance of gene-edited and genetically modified foods in Korea. The choice-based conjoint analysis is adopted to estimate part-worth functions for the soybean oil attributes with 200 surveyed samples. The estimated part-worth values reveal how much each attribute affects consumers’ decision-making. Estimated results suggest that consumers tend to accept gene-editing more than genetically modified foods. The acceptance of novel technology is shown to correspond closely to the degree of consumers’ scientific knowledge, highlighting the importance of revealing relevant information regarding the technology. Results also show that country of origin is a significant food-specific attitudinal factor in shaping consumer preferences.

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Consumer Acceptance of Gene-Edited versus Genetically Modified Foods in Korea

Son

Lim

2021

IJERPH

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Qualitative Choice and Logit Models Applied to Price Optimization

Cited by 1 publication

References 2 publications

Consumer Acceptance of Gene-Edited versus Genetically Modified Foods in Korea

Consumer Acceptance of Gene-Edited versus Genetically Modified Foods in Korea

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