This article contributes to the research agenda of accommodating psychological insights in conventional lab experiments. We specifically test whether inducing subjects into different mood states has a significant effect on subjects rationality (in the form of preference reversals) and on bidding...

We examine inconsistencies in preference orderings of the “more is less” kind (Alevy et al. 2011) using the Contingent valuation (CV) and the Inferred valuation (IV) method (Lusk and Norwood 2009a, 2009b). We find that when moving in a familiar market for consumers (i.e., the food market) we...

This article contributes to the research agenda of accommodating psychological insights in conventional lab experiments. We specifically test whether inducing subjects into different mood states has a significant effect on subjects’ rationality (in the form of preference reversals) and on...

We examine inconsistencies in preference orderings (Alevy et al. 2011) using the Contingent valuation (CV) as well as the Inferred valuation (IV) method (Lusk and Norwood 2009a,b). We find that when moving in the context of a food market we only observe weak effects of inconsistencies. In...

We examine whether religious priming can induce more truthful preference revelation in valuation research. Using induced value second price Vickrey auctions in both hypothetical and non-hypothetical contexts, our results suggest that religious priming can indeed induce more truthful bidding and...

We evaluate the claim that bottle size formats signal quality changes, using a controlled laboratory experiment where we simultaneously auctioned two different sweet wines: a pomegranate wine and a grape wine. We varied on a between subjects basis the size of the bottle, from 500ml to 750ml, but...

We evaluate the claim that bottle size formats signal quality changes, using a controlled laboratory experiment where we simultaneously auctioned two different sweet wines: a pomegranate wine and a grape wine. We varied on a between subjects basis the size of the bottle, from 500ml to 750ml, but...

The study of spatial price relationships helps to explain market performance and the degree of market integration. This paper provides an empirical analysis of the long- and short-run price linkages in the olive oil market of the Mediterranean using Time Series techniques. The empirical results...

The complex and often conflicting policy objectives that CAP, either implicitly or explicitly, is designed to achieve as well as, due to trade-offs and compromises between stakeholders and between different stakeholders that inevitably arise when hard decisions must be made, make the adopted...

Greece is self-sufficient in crop production but it relies heavily on meat and dairy imports. The Greek balance of trade for agricultural products was steadily deficit due to the heavy imports of meat and dairy products. In this study the restricted source differentiated AIDS was employed in...