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...

Nationwide mail surveys implemented in November 2004 report New Zealand residents‟ willingness to pay for improvement in ecosystem services and support for organic farming on arable land. The surveys were split into two subsets: Canterbury, which is the region with most arable farming in the...

Stated preference approaches are widely used in non-market valuation. However, their potential uses extend far beyond valuation. In particular they can be used to assess efficiency of resource allocations and to design optimal resource allocations. Changes to the government budget were evaluated...