Data/hora: 09/06/2024 15:56:15

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	Estimating Willingness to Pay Using a Polychotomous Choice Function: An Application to Pork Products with Environmental Attributes	
Autores: 	Hurley,   Sean P.; Miller,   Douglas J.; Kliebenstein,   James B.	
Data: 	2007-09-17	
Ano: 	2006	
Palavras-chave: 	Anchoring points; Environmental attributes; Ordered probit; Polychotomous choice functions; Pork; Vickrey auction; Willingness to pay; Consumer/Household Economics; Demand and Price Analysis.	
Resumo: 	Bid data from a Vickrey auction for pork chops with embedded environmental attributes were analyzed. It was found that approximately 62% of the participants had a positive WTP for the most "environmentally friendly" package of pork. Thirty percent of the participants had no WTP, and 8% had a negative WTP. A polychotomous choice model was used to accommodate data having an anchoring point within the distribution of the data. Standard variables found in the WTP literature coupled with this model were used to predict participants who were premium payers and non-premium payers using an estimated ordered probit equation.	
Tipo: 	Journal Article	
Idioma: 	Inglês	
Identificador: 	27952

http://purl.umn.edu/8618	
Editor: 	AgEcon Search	
Relação: 	Journal of Agricultural and Resource Economics&gt;Volume 31, Number 02, August 2006	
Formato: 	17

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