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Genetically Modified Foods: Consumer Issues and the Role of Information Asymmetry
Author(s) -
Hobbs Jill E.,
Plunkett Marni D.
Publication year - 1999
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1999.tb00442.x
Subject(s) - information asymmetry , genetically modified food , genetically modified organism , imperfect , consumer information , public information , private information retrieval , economics , marketing , public economics , business , political science , microeconomics , computer science , public relations , biology , gene , biochemistry , linguistics , philosophy , computer security
Consumer attitudes towards genetically modified foods (GMFs) differ widely, particularly between North America and Europe. Information asymmetry, incomplete information and uncertainty arise as a result of concerns over GMFs. This paper explores the evolution of consumer attitudes towards genetically modijed foods in Europe and in North America and discusses a number of private market and public policy solutions to the problems of imperfect information and uncertainty. The paper concludes with suggestions for further research .