Information and order of information effects on consumers' acceptance and valuation for genetically modified edamame soybean

Ji Yong Lee, Michael P. Popp, Elijah J. Wolfe, Rodolfo M. Nayga, Jr, Jennie S. Popp, Pengyin Chen, Han Seok Seo

Research output: Contribution to journalArticle

Abstract

This study examines two different strategies with respect to managing the order in which information about genetically modified (GM) technology would reach and impact consumers of edamame, often referred to as the "vegetable soybean". Edamame are soybeans harvested while the beans are young and soft. We capture consumers' willingness to pay (WTP) for unlabeled edamame, non-GM edamame, and GM edamame using a non-hypothetical random nth price auction. We elicit consumers' valuation for each edamame product before and after introducing information, and test two strategies where the order of providing positive and negative information is reversed. The results suggest that negative information affects WTP to a much greater extent than positive information. Hence a strategy to proactively deal with eventual negative press about GM technology did not lead to a different result than a strategy that would react to or attempt to thwart negative information with positive information at a later date. These findings suggest that it would be difficult to introduce new GM edamame as edible products in the market as marginally negative preconceptions about GM at the time of the experiment were easier to reinforce with negative information than to combat with positive information about GM.

Original languageEnglish
Article numbere0206300
JournalPLoS One
Volume13
Issue number10
DOIs
Publication statusPublished - 2018 Oct 1
Externally publishedYes

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consumer acceptance
Soybeans
soybeans
Technology
Vegetables
willingness to pay
Experiments
auctions
beans
vegetables
markets

ASJC Scopus subject areas

  • Biochemistry, Genetics and Molecular Biology(all)
  • Agricultural and Biological Sciences(all)

Cite this

Lee, J. Y., Popp, M. P., Wolfe, E. J., Nayga, Jr, R. M., Popp, J. S., Chen, P., & Seo, H. S. (2018). Information and order of information effects on consumers' acceptance and valuation for genetically modified edamame soybean. PLoS One, 13(10), [e0206300]. https://doi.org/10.1371/journal.pone.0206300

Information and order of information effects on consumers' acceptance and valuation for genetically modified edamame soybean. / Lee, Ji Yong; Popp, Michael P.; Wolfe, Elijah J.; Nayga, Jr, Rodolfo M.; Popp, Jennie S.; Chen, Pengyin; Seo, Han Seok.

In: PLoS One, Vol. 13, No. 10, e0206300, 01.10.2018.

Research output: Contribution to journalArticle

Lee, Ji Yong ; Popp, Michael P. ; Wolfe, Elijah J. ; Nayga, Jr, Rodolfo M. ; Popp, Jennie S. ; Chen, Pengyin ; Seo, Han Seok. / Information and order of information effects on consumers' acceptance and valuation for genetically modified edamame soybean. In: PLoS One. 2018 ; Vol. 13, No. 10.
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