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Eliciting values for environmental attributes of a private good using a real choice experiment AgEcon
Michaud, C.; Llerena, D..
Markets for environmentally friendly products have been expanding during the last decade. These products provide both private benefits to the consumer and environmental – public – benefits. The demand for environmentally friendly products has consequently received a growing interest. Our study aims at studying consumers' choices for a non-food product, i.e. roses, with different environmental attributes. We combine a choice experiment with a laboratory experiment to provide real economic incentives.
Tipo: Conference Paper or Presentation Palavras-chave: Choice experiment; Environmental attributes; Real economic incentives; Environmental Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/44234
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Estimating Willingness to Pay Using a Polychotomous Choice Function: An Application to Pork Products with Environmental Attributes AgEcon
Hurley, Sean P.; Miller, Douglas J.; Kliebenstein, James B..
Bid data from a Vickrey auction for pork chops with embedded environmental attributes were analyzed. It was found that approximately 62% of the participants had a positive WTP for the most "environmentally friendly" package of pork. Thirty percent of the participants had no WTP, and 8% had a negative WTP. A polychotomous choice model was used to accommodate data having an anchoring point within the distribution of the data. Standard variables found in the WTP literature coupled with this model were used to predict participants who were premium payers and non-premium payers using an estimated ordered probit equation.
Tipo: Journal Article Palavras-chave: Anchoring points; Environmental attributes; Ordered probit; Polychotomous choice functions; Pork; Vickrey auction; Willingness to pay; Consumer/Household Economics; Demand and Price Analysis.
Ano: 2006 URL: http://purl.umn.edu/8618
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