Valuing conflicting public information about a new technology: The case of irradiated foods

Journal of Agricultural and Resource Economics

Volumn 31, Issue 3, 2006, Pages 642-652

  Rousu, Matthew C ^a   Shogren, Jason F ^b  

^a SUSQUEHANNA UNIVERSITY   (United States)

^b UNIVERSITY OF WYOMING   (United States)

Author keywords

Experimental auctions; Irradiation; Value of information

Indexed keywords

EID: 33846447814     PISSN: 10685502     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (20)

1. Cameron, T. A. "Updating Subjective Risks in the Presence of Conflicting Information: An Application to Climate Change." J. Risk and Uncertainty 30(2005):63-97.
2. Centers for Disease Control and Prevention. "Frequently Asked Questions About Food Irradiation." CDC, Atlanta, GA, 2005. Online. Available at http://www.cdc.gov/ncidod/dbmd/diseaseinfo/ foodirradiation.htm. [Retrieved May 16, 2005.]
3. Corrigan, J., and M. C. Rousu. "The Effect of Initial Endowments in Experimental Auctions." Amer. J. Agr. Econ. 88(2006):448-157.
4. Foster, W., and R. E. Just. "Measuring Welfare Effects of Product Contamination with Consumer Uncertainty." J. Environ. Econ. and Mgmt. 17(1989):266-283.
5. Fox, J. A., D. J. Hayes, and J. F. Shogren. "Consumer Preferences for Food Irradiation: How Favorable and Unfavorable Descriptions Affect Preferences for Irradiated Pork in Experimental Auctions." J. Risk and Uncertainty 24(2002):75-95.
6. Hayes, D. J., J. A. Fox, and J. F. Shogren. "Experts and Activists: How Information Affects the Demand for Food Irradiation." Food Policy 27(2002):185-193.
7. Huffman, W. E., M. Rousu, J. F. Shogren, and A. Tegene. "The Public Good Value of Information from Agribusinesses on Genetically Modified Foods." Amer. J. Agr. Econ. 85(December 2003):1309-1315.
8. _. "Consumers' Resistance to Genetically Modified Foods in the U.S.: The Role of Information in an Uncertain Environment." J. Agr. and Food Industrial Organization 2(2004). Online. Available at http://www.bepress. com/jafio/vol2/iss2/art8.
9. Landes, D. The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present. London/New York: Cambridge University Press, 1969.
10. Lusk, J. L., W. B. Traill, L. O. House, C. Valli, S. R. Jaeger, M. Moore, and B. Morrow. "Consumer Welfare Effects of Introducing and Labeling Genetically Modified Food." Econ. Letters 88(September 2005):382-388.
11. Pirtle, T. R. History of the Dairy Industry. Chicago, IL: Mojonnier Brothers Co., 1926.
12. Postrel, V. The Future and Its Enemies: The Growing Conflict over Creativity, Enterprise, and Progress. New York: The Free Press, 1999.
13. Pure-food.com. "Food Irradiation Information." 2005. Online at http://www.pure-food.com/food.htm. [Retrieved May 23, 2005.]
14. Rousu, M., W. E. Huffman, J. F. Shogren, and A. Tegene. "Effects and Value of Verifiable Information in a Controversial Market: Evidence from Lab Auctions of Genetically Modified Food." Econ. Inquiry (forthcoming).
15. _. "Estimating the Public Value of Conflicting Information: The Case of Genetically Modified Foods." Land Econ. 80(February 2004):125-135.
16. Samuelson, W., and R. Zeckhauser. "Status Quo Bias in Decision Making." J. Risk and Uncertainty 1(1988):7-59.
17. Teisl, M. F., N. E. Bockstael, and A. Levy. "Measuring the Welfare Effects of Nutrition Information." Amer. J. Agr. Econ. 83(2001):133-149.
18. U.S. Food and Drug Administration. "Food Irradiation: A Safe Measure." U.S. FDA, Washington, DC, 2005. Online. Available at http://www.fda.gov/opacom/catalog/irradbro.html. [Retrieved February 20, 2005.]
19. Vickrey, W. "Counterspeculation, Auctions, and Competitive Sealed Tenders." J. Finance 16(1961):8-37.
20. Viscusi, W. K. "Alarmist Decisions with Divergent Risk Information." Economic J. 107(November 1997):1657-1670.