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We compare the ability of three preference elicitation methods (hypothetical choices, non-hypothetical choices, and non-hypothetical rankings) and three discrete-choice econometric models (the multinomial logit, the independent availability logit, and the random parameter logit) to predict...
Persistent link: https://www.econbiz.de/10005804662
We compare the ability of three preference elicitation methods (hypothetical choices, nonhypothetical choices, and nonhypothetical rankings) and three discrete-choice econometric models (the multinomial logit [MNL], the independent availability logit [IAL], and the random parameter logit [RPL])...
Persistent link: https://www.econbiz.de/10010544610
This paper analyzes price differentials among conventional, cage-free, organic, and Omega-3 eggs using retail scanner data from two regional markets and the United States as a whole. Results reveal significant premiums attributable to cage-free (a 57% premium on average) and organic (an 85%...
Persistent link: https://www.econbiz.de/10008802899
Recent findings from behavioral economics suggest people are concerned about the fairness and inequality in simple distribution experiments. This study sought to determine whether such considerations also carry over to food choice. A conjoint-type experiment was developed and administered to a...
Persistent link: https://www.econbiz.de/10005483399
Although experimental studies have reported a wide array of other-regarding behavior, the pervasiveness of such behavior in the field is an open question. Using a stated-preference experiment, we first estimate people's preferences, when purchasing food products, for the distribution of benefits...
Persistent link: https://www.econbiz.de/10008521065
Persistent link: https://www.econbiz.de/10010625506
Economists typically assume that more choice is better, and consumers are more likely to purchase from a larger choice set. However, marketing and psychological studies show this is not always the case. This paper reports results from experiments designed to further investigate the so-called...
Persistent link: https://www.econbiz.de/10005525697
Consumer demand for a ban on subtherapeutic antibiotic use in pork production is measured using non-hypothetical choice experiments in a grocery store setting. Consumers are asked to choose between a regular pork chop plus a grocery coupon and an antibiotic-friendly pork chop without a coupon....
Persistent link: https://www.econbiz.de/10005526023
Persistent link: https://www.econbiz.de/10005483741
After California voters decided in a state initiative to ban gestation crates and battery cages, some are asking whether other states will host similar initiatives and if they will pass. This study addresses this question by using voting data in California to predict how voters in other states...
Persistent link: https://www.econbiz.de/10011142825