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Political economy of the media and consumer perceptions of biotechnology

McCluskey, J.J ; Swinnen, J.F.M

American journal of agricultural economics, 2004-12, Vol.86 (5), p.1230-1237 [Periódico revisado por pares]

Malden: Oxford University Press

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Título:
Political economy of the media and consumer perceptions of biotechnology
Autor: McCluskey, J.J ; Swinnen, J.F.M
Assuntos: Agricultural economics ; Bias ; Biotechnology ; Competition ; Consumer attitudes ; Consumer behaviour ; Consumer economics ; Consumer goods ; Consumer goods industries ; Consumer information ; Consumer preferences ; Consumers ; Consumption ; Costs ; D180 ; D830 ; Economic models ; Food ; Genetically altered foods ; Genetically modified foods ; Ideology ; Information ; Information sources ; Journalism ; L820 ; Media coverage ; Media studies ; Media, Information, and Consumer Choice ; News media ; Opportunity costs ; Political economy ; Political parties ; Public opinion ; Q160 ; Studies
É parte de: American journal of agricultural economics, 2004-12, Vol.86 (5), p.1230-1237
Notas: The authors wish to thank Jason Winfree for excellent research assistance and David Zilberman, Greg Graff, Nicholas Kalaitzandonakes, and Pat Kuzyk for helpful comments.
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This article was presented in a principal paper session at the AAEA annual meeting (Denver, Colorado, August 2004). The articles in these sessions are not subjected to the journal's standard refereeing process.
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Descrição: There is an extensive literature on imperfect information. An important implicit assumption in this literature is that such information problems may be solved by providing more information. The problem is that information provision is assumed to be neutral. However, in reality, most information is not provided by institutions whose objective is to foster the public good, but by organizations who have an internal incentive to select certain information, and certain forms of information, over other information. This issue is particularly relevant for consumers' risk perceptions about genetically modified foods. Traditional economic thinking about the media and the market for information is that readers demand accurate information and media providers supply it through markets. It is shown how consumer preferences affect the information market and consumption of information. It is shown that consumers are likely to be imperfectly informed on most issues and that there is a bias toward coverage of negative and local aspects of issues.
Editor: Malden: Oxford University Press
Idioma: Inglês

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Political economy of the media and consumer perceptions of biotechnology

McCluskey, J.J ; Swinnen, J.F.M

Malden: Oxford University Press

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