| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
EX ANTE NON-MARKET VALUATION FOR NOVEL PRODUCT: LITERATURE REVIEW
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| Autores: |
Dofonsou, Sika Gbegbelegbe
Lowenberg-DeBoer, James
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| Data: |
2008-05-07
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| Ano: |
2008
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| Palavras-chave: |
Staff working papers
Dept. of Agricultural Economics
Internet publications
Purdue University
Research and Development/Tech Change/Emerging Technologies
Research Methods/ Statistical Methods
B0
B4
C0
C6
R2
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| Resumo: |
This paper provides a critical review of the literature on non-market valuation methods to estimate the welfare impact of novel products; it is the first study to assess both observed data- and perception-based methods as non-market valuation methods. Observed databased methods include budgets, regression, mathematical programming, and simulation. Perceptions-based methods include the contingent valuation method, choice-based conjoint analysis and experimental methods. Findings imply that the preferred observed data-based method to estimate the ex ante economic impact of a new technology on the welfare of the farm household is a combination of simulation and mathematical programming. The preferred perception-based method for estimating the ex ante impact of a novel product on the welfare of an economic agent is represented by experimental methods. Findings also imply that observed-data based methods and more specifically mathematical programming are more popular for estimating the ex ante farm-level economic impact of a new technology. On the other hand, perception-based methods are more popular for estimating the economic impact of a novel product for consumers.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
29560
http://purl.umn.edu/6327
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| Relação: |
Purdue University>Department of Agricultural Economics>Working Papers
Working Paper
08-02
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| Formato: |
30
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