EXAMINING CONSUMER PERCEPTIONS OF ORGANIC AND GENETICALLY MODIFIED FOOD

• Type: Article in International Conference Proceedings Book
• Date: 2019

Authors

Barros, JP (Author) Other; Cristina Chaves (Author) FEP; Valente, M (Author) Other

Conference proceedings International

Title: PROCEEDINGS OF THE 4TH INTERNATIONAL CONFERENCE ON ENERGY & ENVIRONMENT (ICEE 2019): BRINGING TOGETHER ENGINEERING AND ECONOMICS

Pages: 283-287

4th International Conference on Energy and Environment - Bringing together Engineering and Economics (ICEE)

Guimaraes, PORTUGAL, MAY 16-17, 2019

Indexing

ISI Web of Knowledge - 0 Citations

Other information

Authenticus ID: P-00R-E6N

Abstract (EN): Evidence on perceptions of genetically modified food and organic food shows contrasting attitudes by consumers. This paper presents results from a questionnaire designed to examine consumer perceptions towards organic and GM food as well as elicit the willingness to pay a premium for organic food or accept a discount for GM food. As for organic food, the respondents acknowledge their benefits for health and the environment, but while many are willing to pay a price premium for an organic item, the price premium is still modest in relation to market prices. GMOs are a more controversial topic and opinions in the sample are not unanimous. However, in the valuation question, the majority of respondents would buy the GM item if it carried a discount relative to the baseline non-GM item. We conclude from these preliminary results that, at least for these young respondents, potential consumers seem willing to embrace organic and GM food as long as the "right is price".

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 5