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Comparing consumers’ preferences and willingness to pay for non-GM oil using a contingent valuation approach.
- Source :
- Empirical Economics; Feb2006, Vol. 31 Issue 1, p143-150, 8p, 1 Illustration, 3 Charts
- Publication Year :
- 2006
-
Abstract
- A contingent valuation method is used in this paper to compare Chinese and Japanese consumers’ preferences and willingness to pay for non-GM vegetable oil. An often ignored issue—the scale factor in a discrete choice model—is explicitly considered, and parameter equality for different data sets is formally tested before reaching a conclusion. Results indicate that in these two countries consumers’ attitude factors and demographic traits have significantly different effects on their purchase intentions, and on average, Japanese consumers are willing to pay a much higher premium for non-GM vegetable oil than Chinese consumers. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03777332
- Volume :
- 31
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Empirical Economics
- Publication Type :
- Academic Journal
- Accession number :
- 20349019
- Full Text :
- https://doi.org/10.1007/s00181-005-0027-4