Document Type
Article
Abstract
Differences in consumer views about genetically modified crops have recently lead to trade disputes between the United States and the countries of the European Union. This paper uses a simple cost-benefit model to examine what factors influence consumer views on modified crops, and analyses them in an attempt to explain the observed difference between the American and European perspectives. Potential socio-economic, health and environmental effects interact with personal beliefs to shape consumer views. It is argued that most of the difference in opinions can be traced back to the lack of accurate information. There is a difference in the perceived costs and benefits of genetically modified crops on the two continents because perceptions of the likelihood and magnitude of their possible effects are different.
Publication Date
Spring 2001
Journal Title
Major Themes in Economics
Volume
3
Issue
1
First Page
53
Last Page
69
Copyright
©2001 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Timar, Levente
(2001)
"Consumer Views on Genetically Modified Crops,"
Major Themes in Economics, 3, 53-69.
Available at:
https://scholarworks.uni.edu/mtie/vol3/iss1/6