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| Registros recuperados: 72 | |
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| Dofonsou, Sika Gbegbelegbe; Lowenberg-DeBoer, James; Adeoti, Razack; Coulibaly, Ousmane; Lusk, Jayson L.. |
| The net impact of pest-resistant GM crops on the welfare of both producers and consumers in developing countries is currently unknown and subject to speculation. This study uses choice-based conjoint protocol to estimate the net impact of pest-resistant Genetically Modified (GM) cowpea on net social welfare in Benin given price and income risks. Results imply that Bt cowpea will increase expected net social welfare by about $US 50 million per year in Benin given no inefficiencies in the seed sector. If inefficiencies in the seed sector are such that cowpea growers can access Bt cowpea seeds only 50% of the time, net benefits from Bt cowpea drop to about $US 11 million per year. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2007 |
URL: http://purl.umn.edu/9817 |
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| Norwood, F. Bailey; Lusk, Jayson L.. |
| Economists typically assume that more choice is better, and consumers are more likely to purchase from a larger choice set. However, marketing and psychological studies show this is not always the case. This paper reports results from experiments designed to further investigate the so-called excessive-choice effect. First, we investigate whether people would voluntarily reduce their choice set size. Second, we investigate whether the excessive-choice effect, found in previous studies, is robust to changes in experimental design. Third, we explore how personality influences preferences for choice set size. Results show that the excessive-choice effect indeed exists for some people, but on average people prefer greater choice. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2007 |
URL: http://purl.umn.edu/34850 |
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| Ward, Clement E.; Lusk, Jayson L.; Dutton, Jennifer M.. |
| Limited information exists regarding the extent and characteristics of branded fresh beef. Retail package data from a sample of grocery stores in three metropolitan areas enabled determining the extent of branded beef for ground beef, roasts, and steaks. Logit models identified factors affecting the probability of beef products being branded, and the probability of beef products carrying specific types of brands compared with store brands and generic (unbranded) beef. The extent of branded beef and type of brand both varied by store type, specific product, quality designation, package type, and presence of special labeling. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 2008 |
URL: http://purl.umn.edu/55986 |
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| Lusk, Jayson L.; Norwood, F. Bailey. |
| The effects of various supply and demand shifts on beef price, quantity, and industry welfare have been widely studied under the assumption of beef quality homogeneity. In this paper, we construct a model of the beef sector that incorporates differences in beef quality. The model is used to analyze the effect of supply and demand shifts on changes in prices and quantities of high-and low-quality beef and changes in revenue accruing to producers of high-and low-quality beef. Model results indicate that supply and demand shocks have the potential to alter the average quality of beef on the market and the price premium charged for high-quality beef, which has important implications for retailers selling quality-differentiated beef and producers selling... |
| Tipo: Journal Article |
Palavras-chave: Beef; Equilibrium displacement model; Multisector model; Quality heterogeneity; Q11; Q18. |
| Ano: 2005 |
URL: http://purl.umn.edu/43483 |
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| Mayen, Carlos D.; Marshall, Maria I.; Lusk, Jayson L.. |
| Fruit is an important component of the food industry in the United States, and “fresh-cut” products are an increasing portion of that consumption. We found that packaging and juice content played a significant role in the choices Indiana consumers made when purchasing fresh-cut melon products. Brand was not as important as the other fresh-cut melon attributes. Indiana consumers had a clear dislike for cup-shaped transparent packages compared with tamper-proof, bowl, and squared packages. However, they were willing to pay a premium for packages that have no fruit juices on the bottom. |
| Tipo: Journal Article |
Palavras-chave: Conjoint; Consumer preferences; Demand; Fruit; Q13; D12; M31; P46. |
| Ano: 2007 |
URL: http://purl.umn.edu/43479 |
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| Lusk, Jayson L.; Anderson, John D.. |
| Although several studies have estimated the costs of implementing and maintaining country of origin labeling (COOL), no previous study has documented how increased costs imposed by COOL will be distributed throughout the livestock sector and how producer and consumer welfare will ultimately be affected. This paper develops an equilibrium displacement model of the farm, wholesale, and retail markets for beef, pork, and poultry that is able to document how producers and consumers will be affected by added costs of COOL. In addition the model is able to determine the level of increased consumer demand needed to make producers welfare neutral to the policy. Empirical results indicate that as COOL costs are shifted from the producer to the processor and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/28660 |
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| Lusk, Jayson L.; Daniel, M. Scott; Mark, Darrell R.; Lusk, Christine L.. |
| This study explores two important issues in experimental economics: calibration and auction institution. Consumer willingness-to-pay bids for corn chips made with non-genetically modified ingredients are elicited from a 1st price and 2nd price auction. Results suggest that responses to scale differential questions, in a survey, accurately predict consumer willingness-to-pay bids. The 2 nd price auction induces a greater percentage of marginal bidders to offer a positive bid than a 1st price auction. However, average bid levels in the 1st and 2nd price auctions were not statistically different from one other. In a small and unrepresentative sample, 70 percent of student participants were unwilling to pay to exchange a bag of genetically modified corn chips... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics; Demand and Price Analysis. |
| Ano: 2000 |
URL: http://purl.umn.edu/36424 |
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| Ellison, Brenna D.; Lusk, Jayson L.; Briggeman, Brian C.. |
| Current debates on food and farm policy would benefit from an improved understanding of the public’s demand for the services provided by the USDA. We determine taxpayer’s preferences for six categories of USDA expenditures using data from a nationwide survey of almost 1,200 taxpayers. We find that taxpayers believe food safety and inspection is the most important service provided by the USDA. Although there is significant heterogeneity in people’s preferences, our results reveal that at current expenditure levels, most consumers are willing to give up some of the outcomes and benefits provided by expenditures on farm support programs to obtain more of the benefits and services provided by expenditures on food safety and inspection, natural resources and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Taxpayer preferences; USDA budget expenditures; Farm policy; Agricultural and Food Policy; Q18. |
| Ano: 2011 |
URL: http://purl.umn.edu/98597 |
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| Gunderson, Michael A.; Lusk, Jayson L.; Norwood, F. Bailey. |
| A relative increase in demand for quality can have one of two potentially countervailing effects: it can cause substitution of one quality for another and/or it might expand overall demand by bringing new consumers into the market. This article investigates demand expansion and substitution among beef qualities by exploiting the use of a no-purchase option in a nonhypothetical choice experiment involving real food and real money. A random parameters logit model, which permits very flexible substitution patterns, is used to show that expanding demand for high quality rib-eye steak increases revenue by a greater degree than expanding demand for low quality steak. Regardless of whether high or low quality demand is expanded, the expansion effect dominates the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/19465 |
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| Lusk, Jayson L.; Featherstone, Allen M.; Marsh, Thomas L.; Abdulkadri, Abdullahi O.. |
| This research examines selected empirical properties of duality relationships. Monte Carlo experiments indicate that Hessian matrices estimated from the normalised unrestricted profit, restricted profit and production functions yield conflicting results in the presence of measurement error and low relative price variability. In particular, small amounts of measurement error in quantity variables can translate into large errors in uncompensated estimates calculated via restricted and unrestricted profit and production functions. These results emphasise the need for high quality data when estimating empirical models in order to accurately determine dual relationships implied by economic theory. |
| Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 1997 |
URL: http://purl.umn.edu/118069 |
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| Registros recuperados: 72 | |
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