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Improving the Use of Experimental Auctions in Africa: Theory and Evidence AgEcon
Morawetz, Ulrich B.; De Groote, Hugo; Kimenju, Simon Chege.
Experimental auctions have not been widely used in Africa. However, auctions are important tools for evaluating new products and technologies. To increase the quality of these experiments, we explore an alternative first-price bidding mechanism that is more similar to African market exchanges and we analyze factors likely to affect bidding. Experiments with African consumers show that the proposed first-price mechanism has no advantage over conventional second-price mechanisms. Results show high and significant cash-in-hand, experimenter, and time of day effects in main rounds, and significant ordering effects in test rounds. These effects need to be carefully considered when applying the Becker-DeGroot-Marschak mechanism in Africa.
Tipo: Journal Article Palavras-chave: Africa; BDM mechanism; Experimenter effect; First-price auction; Income effect; Order effect; Time of day effect; Research Methods/ Statistical Methods.
Ano: 2011 URL: http://purl.umn.edu/117161
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Consumer Willingness to Pay for "Second-Generation" Genetically Engineered Products and the Role of Marketing Information AgEcon
Rousu, Matthew C.; Monchuk, Daniel C.; Shogren, Jason F.; Kosa, Katherine M..
Environmental and consumer groups have called for mandatory labeling of genetically engineered (GE) food products in the United States, stating that consumers have the “right to know.” Herein, we use a nonhypothetical field experiment to examine the willingness to pay for GE-labeled products, using the only second-generation GE product currently on the U.S. market-GE cigarettes. Our results suggest consumers pay less for GE-labeled cigarettes when marketing information is absent. But, when presented with marketing information on the attributes of the cigarette, we find no evidence that consumers pay less for GE-labeled cigarettes.
Tipo: Journal Article Palavras-chave: Auctions; BDM mechanism; Cigarettes; Field experiment; Genetically engineered foods; Second-generation; C91; Q18.
Ano: 2005 URL: http://purl.umn.edu/43501
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