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Strategic response to a sequence of discrete choice questions AgEcon
McNair, Ben J.; Bennett, Jeffrey W.; Hensher, David A..
According to neoclassical economic theory, the only stated preference elicitation format that can feasibly be employed in field studies to which truthful response can be the dominant strategy for all respondents is a single binary choice between the status quo and one alternative. In studies where the objective is estimation of preferences for multiple attributes of a good, it is preferred (and, in some cases, necessary) based on econometric considerations, to present respondents with a sequence of choice tasks. Economic theory predicts that utility-maximising respondents may find it optimal to misrepresent their preferences in this elicitation format. In this paper, the effect on stated preferences of expanding the number of choice tasks per respondent...
Tipo: Conference Paper or Presentation Palavras-chave: Choice experiments; Willingness to pay; Incentive compatibility; Strategic behaviour; Order effects; Underground electricity; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/59102
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Effects of alternative elicitation formats in discrete choice experiments AgEcon
Scheufele, Gabriela; Bennett, Jeffrey W..
An elicitation format prevalently applied in discrete choice experiments (DCEs) offers each respondent a sequence of choice tasks. Each choice task contains more than two choice options. Empirical evidence shows, however, that repeated choice tasks influence choice behaviour through institutional learning, fatigue, value learning and strategic response. The study reported in this paper uses a split sample approach. This approach was based on field surveys using a single binary elicitation format. To expand the research on effects of sequential binary DCE formats, a majority vote baseline was used. We present evidence for effects caused by institutional learning, and by either strategic behaviour or value learning, after respondents answered repeated...
Tipo: Report Palavras-chave: Discrete choice experiments; Split sample approach; Elicitation format; Incentive compatibility; Strategic behaviour; Learning effects; Panel mixed logit models; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/94948
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Co-regulation and voluntarism in the provision of food safety: lessons from institutional economics AgEcon
Hussain, Salman.
Traditional regulation in the food safety domain has been in the form of mandatory, inflexible food safety controls that are applied to firms. There has been a trend away from this regulatory paradigm towards more co-regulation and self-regulation by industry. This paper investigates the potential for systemic failure in the provision of safe food that might arise as a consequence of this new regulatory paradigm. These systemic failures occur owing to the fact that the food safety outcome depends on the behaviour of the three sets of agents (firms, consumers and the regulator). These populations of agents have generally been treated in the literature as homogeneous in terms of their behaviour and strategies. Further, the actions taken by any one agent are...
Tipo: Working or Discussion Paper Palavras-chave: Co-regulation; Strategic behaviour; Food safety; Ex ante regulation; Institutional economics; Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics.
Ano: 2006 URL: http://purl.umn.edu/45996
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Value-Added Meat: Measuring Past Successes and Predicting Future Winners AgEcon
Goddard, Ellen W.; Schram, Craig; Huang, Wenzhao; Yang, Jun; Drescher, Larissa S..
Livestock industries are significantly affected by changes in consumer behaviour. In order to add value to meat and livestock production, many firms and farms are supporting the development of new products – these products can differ by credence attribute, by degree of processing and by marketing strategies. The literature suggests that one of the most important determinants of success in product innovation is an understanding of the market the product is introduced into. In this report consumer preferences for meat products, by animal species including minor meats, and by type of processing are examined. Responses to economic variables such as price, advertising and income are identified as are responses to food safety and meat related health issues....
Tipo: Report Palavras-chave: Meat; Consumer behavior; Value-added; Strategic behaviour; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Marketing; D12; Q18.
Ano: 2010 URL: http://purl.umn.edu/107191
Registros recuperados: 4
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