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Consumers' Choice Behavior for Cisgenic Food: Exploring the Role of Time Preferences
Author(s) -
De Marchi Elisa,
Cavaliere Alessia,
Banterle Alessandro
Publication year - 2021
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1002/aepp.13043
Subject(s) - preference , socioeconomic status , food choice , consumer choice , consumer behaviour , marketing , economics , revealed preference , time preference , business , microeconomics , sociology , medicine , population , pathology , demography
This paper aims at extending current knowledge on consumer choice behavior on food produced through the application of NBT. We explore whether consumer time preferences and socioeconomic factors may have a role in affecting choice behavior involving cisgenic and conventional products. To this purpose we designed a hypothetical CE and used cisgenic apples as a case study. The results indicate that both time preferences and socioeconomic variables contribute to explain heterogeneity in preference for food products obtained through the application of biotechnologies and provide insight that could be relevant for both the agri‐biotech industry and for policy makers.
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