Are Country of Origin and Non-GM Premiums Invariant to Experimental Auction Structure?

A revealed preference auction experiment is used to elicit values for two attributes, one relating to genetic modification and the other to country of origin of the food product, canola oil. A premium for a non-GM canola oil is found to approximate CA$0.4 to $0.6 per litre. Auction format effects are found and hypotheses as to why these may occur are suggested.

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Year of publication:	2007
Authors:	Volinskiy, Dmitriy ; Adamowicz, Wiktor L. ; Veeman, Michele M. ; Srivastava, Lorie
Institutions:	Australian Agricultural and Resource Economics Society - AARES
Subject:	Willingness to pay \| incentive compatible \| Becker-DeGroot-Marschak auction procedure \| non-GM food \| country of origin \| canola oil \| Demand and Price Analysis

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Extent:	application/pdf
Series:	2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand Number 10378
Source:	RePEc - Research Papers in Economics

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