Identification of Consumer Segments and Its Implication on the Willingness-to-Pay Distribution: The Case of Demand for Non-Genetically Modified Vegetable Oil in the United States

This paper illustrates the importance of consumer segments for the estimation of the distribution of sample willingness to pay. We find evidence that those who prefer non-GM have a different marginal utility of income and that naïve pooling of consumer segments may yield a misleading recommendation for both agribusinesses and policy makers.

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Year of publication:	2006
Authors:	Kaneko, Naoya ; Chern, Wen S.
Institutions:	Agricultural and Applied Economics Association - AAEA
Keywords:	Consumer/Household Economics

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Extent:	application/pdf
Series:	2006 Annual meeting, July 23-26, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2006 Annual meeting, July 23-26, Long Beach, CA Number 21194
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005060294