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dc.contributor.authorKaye Blake, W.en
dc.date.accessioned2011-07-13T21:31:58Z
dc.date.issued2005-08en
dc.identifier.urihttps://hdl.handle.net/10182/3732
dc.description.abstractThree axioms underpin consumer choice in neoclassical theory: weak order, independence, and continuity. Two of these axioms may not hold, however, for consumers' choices regarding genetically modified (GM) food. Consumers may evaluate product attributes differently depending on whether the food is GM or not, violating attribute independence. Some consumers may not want GM food at all, violating continuity. The axioms were empirically investigated with a choice experiment survey. The paper discusses evidence of violations of both independence and continuity, as well as a non-neoclassical approach to modelling consumer choice.en
dc.format.extent72-80en
dc.language.isoenen
dc.publisherNew Zealand Agricultural and Resource Economics Societyen
dc.relationThe original publication is available from - New Zealand Agricultural and Resource Economics Societyen
dc.rightsCopyright by author(s). Readers may make copies of this document for non-commercial purposes only, provided that this copyright notice appears on all such copies.en
dc.sourceEleventh Annual Conference of the New Zealand Agricultural and Resource Economics Societyen
dc.subjectgenetically modified fooden
dc.subjectneoclassicalen
dc.subjectbounded rationalityen
dc.subjectchoice modellingen
dc.titleNeoclassical consumer theory and genetically modified fooden
dc.typeConference Contribution - Published
lu.contributor.unitLincoln Universityen
lu.contributor.unitAgribusiness and Economics Research Uniten
pubs.finish-date2005-08-27en
pubs.notesPaper presented at the 2005 New Zealand Agricultural and Resource Economics Society (Inc.) Conference, Tahuna Conference Centre - Nelson, New Zealand. August 26-27, 2005.en
pubs.organisational-group/LU
pubs.organisational-group/LU/Agribusiness & Economics Research Unit
pubs.publication-statusPublisheden
pubs.start-date2005-08-26en
lu.subtypeConference Paperen


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