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WTP and WTA in relation to irrigation development in the Fitzroy Basin, Queensland AgEcon
Rolfe, John; Bennett, Jeffrey W..
Estimates of the compensating surplus generated by changes in non-marketed environmental amenities can be estimated using stated preference valuation techniques. These are typically framed in terms of WTP tradeoffs, even if the situation of interest involves a property right vestment that calls for a WTA question. The differences created by the two questioning formats are explored in this paper using the results of two choice modelling applications. Both applications were framed on the potential for irrigation development and environmental losses in the Fitzroy River Basin, Central Queensland. The scenarios used in the applications differed only in that they used alternatively WTP and WTA questioning formats. The results indicate that robust models could...
Tipo: Conference Paper or Presentation Palavras-chave: Choice modelling; Compensating surplus; WTP; WTA; Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/58204
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WTP and WTA for Non-GM and GM Food: UK Consumers AgEcon
Moon, Wanki; Balasubramanian, Siva K.; Rimal, Arbindra.
In a survey of UK consumers, we elicited their willingness-to-accept (WTA) a discount for GM foods and willingness-to-pay (WTP) a premium for non-GM foods in order to assess their valuation of the non-GM characteristic in food products. Mean WTA exceeds mean WTP, a finding that suggests the valuation of the non-GM characteristic reflects an endowment effect, imperfect substitutability between GM and non-GM foods, or both. Regression results show that perceived risks (benefits) associated with GM foods significantly increase (decrease) WTA and WTP estimates. Additional regression models using the difference between WTA and WTP as the dependent variable indicate that risk (benefit) perceptions increased (decreased) the discrepancy between WTA and WTP...
Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; WTA; WTP; Genetically modified food; Endowment effect; Prospect theory; Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/21057
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UK Consumers' Willingness-to-Accept (WTA) GM Food AgEcon
Moon, Wanki; Rimal, Arbindra; Balasubramanian, Siva K..
Our study uses contingent valuation survey data (WTA and WTP) collected in the UK to examine consumers' behavioral intention with regard to GM food. In particular, we characterize respondents who selected "Don't Know" and "Protest" options in WTP questions in terms of what they would do when offered discount for GM food.
Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; WTA; WTP; Genetically modified food; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2007 URL: http://purl.umn.edu/34973
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Consumers’ WTA for GM rice cookie: an experiment study in China AgEcon
Liu, Pengcheng.
This paper uses experimental auction method to study the WTA for GM rice cookies of Chinese consumers. The bid data are collected from 353 randomly recruited undergraduate students participated in Wuhan, China, during the spring and early summer of 2008.The experiment auction suggest most participant hold a positive WTA for GM rice cookie, which suggest that consumers regard GM rice an inferior substitutes for non-GM rice. Information favorable of GM rice will decrease the WTA, while negative information will increase the WTA. When information of both sides is revealed, the WTA bids decrease at different pace according to the sequence of discovering information.
Tipo: Conference Paper or Presentation Palavras-chave: GM rice; WTA; Demand and Price Analysis.
Ano: 2009 URL: http://purl.umn.edu/51771
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