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Registros recuperados: 16
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An Economic-Psychological Model of Sustainable Food Consumption AgEcon
Lombardini, Chiara; Lankoski, Leena.
This paper proposes a novel economic-psychological model of individual food consumption and food waste that recognizes individuals as social and moral beings who are boundedly rational and have limited capacity for self-control. The model identifies five components of individuals’ utility that correspond to five modes of being or selves: the hedonic agent, the social agent, the moral agent, the health-conscious agent and the habits-driven agent. In the model, individuals maximize this composite utility given their budget and effort constraints. We apply the model to analyze policies that can support the adoption of sustainable food consumption practices.
Tipo: Conference Paper or Presentation Palavras-chave: Bounded rationality; Bounded self-control; Habits; Identity; Social and moral norms; Sustainable food consumption; Food Consumption/Nutrition/Food Safety; D03; D11; D12.
Ano: 2011 URL: http://purl.umn.edu/114403
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Are tourists rational? Destination decisions and other results from a survey of visitors to a North Queensland natural site - Jourama Falls AgEcon
Tisdell, Clement A..
This paper reports on and interprets the results of a survey of visitors to the Jourama Falls Section of the Paluma Range National Park located in Northern Queensland. It reports, amongst other things, on how much knowledge visitors to the site had about it before their visit, the procedures they adopted in deciding to visit it and how generally they go about deciding to visit tourist sites when on holidays. The results are consistent with those predicted by theories of bounded rationality and behavioural economics. Information is also provided on the value visitors placed on attractions at the Jourama Falls sites, their attitudes to the private supply of tourist/visitor services and facilities in national parks, the importance of wildlife as an attraction...
Tipo: Working or Discussion Paper Palavras-chave: Austrian School of Economics; Behavioural economics; Bounded rationality; Camping procedures; Decisions to visit tourist attractions; Entrance fee to national parks; Jourama Falls; Mahogany glider; Mental accounting; National parks; Neoclassical economics; Paluma Range national park; Private versus public supply of facilities; Proximity effect; Transaction cost theory; Wildlife valuation; Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use; L83; Q00; Q26; Q57.
Ano: 2010 URL: http://purl.umn.edu/90878
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ASYMMETRY IN RAW MILK SAFETY PERCEPTIONS AND INFORMATION: IMPLICATIONS FOR RISK IN FRESH PRODUCE MARKETING AND POLICY AgEcon
Knutson, Ronald D.; Currier, Russell W.; Ribera, Luis A.; Goeringer, L. Paul.
Scientific evidence clearly indicates that consumption of raw milk carries substantial disease-inducing health risks. While federal U.S. policy mandates that milk moving in interstate commerce be pasteurized; within 41 of 50 states, raw milk can be obtained for consumption. Warning labels notwithstanding, a segment of U.S. consumers pays higher prices for higher-risk raw milk than for either organic or conventional milk. The behavioral factors leading to raw milk consumption are explored. The paternalistic regulatory options for reducing the risk associated with drinking raw milk are identified. Implications for fresh produce sold directly from farms to consumers or through farmers markets are drawn.
Tipo: Conference Paper or Presentation Palavras-chave: Raw milk; Pasteurization; Health risks; Behavioral economics; Bounded rationality; Paternalistic regulations; Public health; HACCP; GLOBALG.A.P.; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; A12; A13; A14; D11; D18; D46; D71; D78; D82; I18; K23; K32; Q11; Q18.
Ano: 2010 URL: http://purl.umn.edu/116440
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BEHAVIOURS OF CONSERVATION ORGANIZATIONS AND THEIR ENVIRONMENTAL IMPLICATIONS. Analysis based on New (and not so new) Institutional Economics AgEcon
Tisdell, Clement A..
This article draws mostly (but not entirely) on new institutional economics to consider the likely behaviours of non-government conservation organizations and the implications of these behaviours for biodiversity conservation. It considers how institutional factors may result in behaviour of conservation NGOs diverging from their objectives, including their support for biodiversity conservation; examines aspects of rent capture and conservation alliances; specifies social factors that may restrict the diversity of species supported by NGOs for conservation; considers bounded rationality in relation to the operation of conservation NGOs; and using game theory, shows how competition between NGOs for funding can result in economic inefficiencies and narrow...
Tipo: Working or Discussion Paper Palavras-chave: Australia; Biodiversity conservation; Bounded rationality; Civil society; Common Agricultural Policy; European Union; Landcare; Mixed goods; New institutional economics; New Zealand; NGOs; Principal-and-agent problem; Political acceptability; Environmental Economics and Policy; Institutional and Behavioral Economics; Political Economy; Q00; Q2; Q5; Q57; Z13.
Ano: 2008 URL: http://purl.umn.edu/6185
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DEMAND FOR AGRICULTURAL ECONOMIC INFORMATION AgEcon
Wu, Steven Y.; Just, David R.; Zilberman, David; Wolf, Steven A..
Using data gathered in two surveys we analyze the movement of information in agriculture. The relative importance of varying classes of information providers are assessed by classes of users. A network based framework expands models of human capital and bounded rationality to assess the calculus of choice of information.
Tipo: Conference Paper or Presentation Palavras-chave: Information; Bounded rationality; Institutional and Behavioral Economics.
Ano: 1999 URL: http://purl.umn.edu/21712
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Ecological and Social Dynamics in Simple Models of Ecosystem Management Ecology and Society
Carpenter, Stephen R; University of Wisconsin-Madison; srcarpen@wisc.edu; Brock, William; University of Wisconsin; brock@macc.wisc.edu; Hanson, Paul; University of Wisconsin; pchanson@facstaff.wisc.edu.
Simulation models were developed to explore and illustrate dynamics of socioecological systems. The ecosystem is a lake subject to phosphorus pollution. Phosphorus flows from agriculture to upland soils, to surface waters, where it cycles between water and sediments. The ecosystem is multistable, and moves among domains of attraction depending on the history of pollutant inputs. The alternative states yield different economic benefits. Agents form expectations about ecosystem dynamics, markets, and/or the actions of managers, and choose levels of pollutant inputs accordingly. Agents have heterogeneous beliefs and/or access to information. Their aggregate behavior determines the total rate of pollutant input. As the ecosystem changes, agents update their...
Tipo: Peer-Reviewed Reports Palavras-chave: Adaptive agent models; Adaptive management; Bounded rationality; Ecological economics; Ecosystem oscillations; Integrated models; Lake eutrophication; Nonpoint pollution; Phosphorus cycles; Simulation models; Social-natural systems..
Ano: 1999
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Efficient Public Provision of Commodities: Transaction Costs, Bounded Rationality and Other Considerations AgEcon
Tisdell, Clement A..
After briefly reviewing recent economic theories about the economic welfare consequences of public provision of private commodities, this article examines the cost efficient supply of publicly provided commodities. In the light of the presence of transaction costs and bounded rationality, and consequences for the competence of public bodies, it considers whether the following are cost effective: (1) increased out-sourcing of government funded work and supplies using market and competitive mechanisms; (2) greater contestability of employment in the public sector; (3) more widespread imposition of user charges for publicly supplied commodities; and (4) the increased use of performance budgeting and accounting in the public sector. These measures are often...
Tipo: Working or Discussion Paper Palavras-chave: Bounded rationality; Competence; Economic efficiency; Transaction costs; User charges; Public Economics.
Ano: 2003 URL: http://purl.umn.edu/90529
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Neoclassical consumer theory and genetically modified food AgEcon
Kaye-Blake, William.
Three axioms underpin consumer choice in neoclassical theory: weak order, independence, and continuity. Two of these axioms may not hold, however, for consumers’ choices regarding genetically modified (GM) food. Consumers may evaluate product attributes differently depending on whether the food is GM or not, violating attribute independence. Some consumers may not want GM food at all, violating continuity. The axioms were empirically investigated with a choice experiment survey. The paper discusses evidence of violations of both independence and continuity, as well as a non-neoclassical approach to modelling consumer choice.
Tipo: Conference Paper or Presentation Palavras-chave: Genetically modified food; Neoclassical; Bounded rationality; Choice modelling; Agricultural and Food Policy; Community/Rural/Urban Development; Consumer/Household Economics; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods.
Ano: 2005 URL: http://purl.umn.edu/98511
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OLS and Tobit Estimates: When is Substitution Defensible Operationally? AgEcon
Wilson, Clevo; Tisdell, Clement A..
Field data are used to illustrate that, other things constant, regression results using Ordinary Least Squares (OLS) converge to Tobit estimates as the number of zeros in the regressand decrease. Tobit estimates are theoretically superior to OLS estimates when using censored data. However, if little difference exists between OLS and Tobit estimates, OLS may be operationally acceptable. OLS may even be optimal in a bounded rationality sense because the extra cost of using Tobit analysis may be less than the extra benefits from a very slight increase in accuracy.
Tipo: Working or Discussion Paper Palavras-chave: Bounded rationality; Censored data; Ordinary Least Squares; Tobit; Regressand; Willingness to pay studies.; Public Economics.
Ano: 2002 URL: http://purl.umn.edu/90519
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RACIONALIDADE LIMITADA E OPORTUNISMO NA CADEIA DO CAFÉ: IMPACTOS NAS FORMAS CONTRATUAIS DO CONSÓRCIO AGRÍCOLA DE FAZENDAS ESPECIALIZADAS AgEcon
Ferreira, Gabriel Murad Velloso; Waquil, Paulo Dabdab; Goncalves, Wilson Magela.
The present research aimed to analyze the impact of opportunistic behavior and bounded rationality impacts in the forms of contract adopted by the Agricultural Consortium of Specialized Farms (C.A.F.E.). For that, a case study was accomplished with the objective to embrace the most important characteristics of the theme as well as its process of development. The theoretical reference that gave support to this study it was the Transaction Costs Economics (TCE). Through the analysis of the variables approached by TCE, more specifically the behavioral factors (bounded rationality, opportunism) and forms of contract, it was concluded that, in the case studied the existence of opportunism interferes in certain way in the trust increasing the transactional...
Tipo: Journal Article Palavras-chave: Contracts; Opportunism; Bounded rationality; Specialty coffees.
Ano: 2006 URL: http://purl.umn.edu/43810
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Take off the heater: Utility effect and food environment effect in food consumption decisions AgEcon
Lombardini-Riipinen, Chiara; Lankoski, Leena.
In this paper, we describe individual food consumption decisions as driven by a utility effect and a food environment effect. To outline the utility effect, we first develop a new theoretical model of individual food consumption. Next, we introduce the food environment effect by showing how the food environment can affect food consumption decisions and how this can skew the resulting food consumption vector. Finally, we analyse manipulations of the food environment as a potential form of policy intervention. Our key result is that the food environment has several entry points in food consumption decisions and that libertarian paternalistic manipulations of the food environment can be effective, easily implemented, well-accepted and low-cost intervention...
Tipo: Conference Paper or Presentation Palavras-chave: Behavioural economics; Bounded rationality; Bounded self-control; Cognitive biases; Food choice; Food consumption; Food environment; Food intake; Health; Identity; Social norms; Visceral factors; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; D03; D11; I18; Z13.
Ano: 2010 URL: http://purl.umn.edu/116431
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The Efficient Public Provision of Commodities: Transaction Cost, Bounded Rationality and Other Considerations AgEcon
Tisdell, Clement A..
After briefly reviewing recent economic theories about the economic welfare consequences of public provision of private commodities, this article examines the cost efficient supply of publicly provided commodities. In the light of the presence of transaction costs and bounded rationality, and consequences for the competence of public bodies, it considers whether the following are cost effective: (1) increased out-sourcing of government funded work and supplies using market and competitive mechanisms; (2) greater contestability of employment in the public sector; (3) more widespread imposition of user charges for publicly supplied commodities; and (4) the increased use of performance budgeting and accounting in the public sector. These measures are often...
Tipo: Working or Discussion Paper Palavras-chave: Bounded rationality; Competence; Economic efficiency; Transaction costs; User charges; Public Economics.
Ano: 2003 URL: http://purl.umn.edu/90524
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The Evolution and Classification of the Published Books of Clem Tisdell: A Brief Overview AgEcon
Tisdell, Clement A..
This paper outlines the evolution and classification of the major works (published books) of Clem Tisdell. To do this it divides these books into six categories. 1. Those focusing on knowledge limitations and, the presence of uncertainty (information economics). These develop microeconomic theory and apply it to policy issues. Subjects covered include the operation of market systems, the economics of decision-making, managerial economics, science and technology policy, bounded rationality, and evolutionary economics. 2. Textbooks on microeconomics and basic economics. 3. Ecological, natural resource and environmental economics. 4. Tourism economics and leisure studies. 5. Economic development in general and in particular, Asian-Pacific countries or...
Tipo: Working or Discussion Paper Palavras-chave: Clem Tisdell; Bounded rationality; Microeconomics; Environmental economics; Tourism economic; Leisure studies; Asian-Pacific countries; Teaching/Communication/Extension/Profession.
Ano: 2007 URL: http://purl.umn.edu/90548
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The Role of Bounded Rationality in Farm Financing Decisions – First Empirical Evidence – AgEcon
Musshoff, Oliver; Hirschauer, Norbert; Wassmuss, Harm.
Farmers do not often change from their house bank to another bank, even if the competing banks offer better conditions. This “reluctance to switch” can be explained, on the one hand, by the transaction costs resulting from such a change of business relation. On the other hand, it may be the result of bounded rationality. The results of a survey of North German farmers show that they are indeed bounded rational borrowers. They greatly underestimate the monetary disadvantages which are caused by the higher interest rates for loans from their house bank. In other words: They do not switch bank even if their individually perceived transaction costs are already “covered” by the lower interest rates of the alternative loan offer.
Tipo: Conference Paper or Presentation Palavras-chave: Financing behavior; Bounded rationality; Switching costs; Agricultural Finance; Farm Management; Financial Economics; Institutional and Behavioral Economics; Q12; G32; C91.
Ano: 2009 URL: http://purl.umn.edu/51545
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Toward Better Defining the Field of Agribusiness Management AgEcon
Ng, Desmond W.; Siebert, John W..
www.ifama.org
Tipo: Journal Article Palavras-chave: Agribusiness management; Authority; Bounded rationality; Diversified growth; Resources.; Agribusiness; Resource /Energy Economics and Policy; Q1.
Ano: 2009 URL: http://purl.umn.edu/92566
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Transaction Costs and Bounded Rationality - Implications for Public Administration and Economic Policy AgEcon
Tisdell, Clement A..
Relationships between bounded rationality and transaction cost theories are discussed and their connections with stochastic theories of industrial evolution are considered. While these theories have their limitations, they are useful but have been ignored in many public policy prescriptions, especially those involving markets. For example, as discussed, these theories have failed, on the whole, to influence competition policy and the design of more efficient systems for public administration (contracting out, labour contracts for public employment, adoption of the user-pays principle and use of performance budgeting and accounting), as well as in policies to remove market frictions. The result may be less efficient systems than otherwise achievable and...
Tipo: Working or Discussion Paper Palavras-chave: Bounded rationality; Competition policy; Evolutionary theory; Market dynamics; Public administration; Transaction costs; Public Economics; D23; H11; I20.
Ano: 2004 URL: http://purl.umn.edu/90531
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