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An Examination of Consumer Willingness to Pay for Local Products

Adalja, Aaron; Hanson, James; Towe, Charles; … - Agricultural and Applied Economics Association - AAEA - 2013

This paper uses stated and revealed preference data from a choice-based conjoint survey instrument to estimate willingness to pay for distance-based local food products. The survey was administered to three different groups of respondents: members of a consumer buying club, a random sample of...

Persistent link: https://www.econbiz.de/10010880921

Growing their own: Unobservable quality and the value of self-provisioning

Hoffmann, Vivian; Gatobu, Ken - Agricultural and Applied Economics Association - AAEA - 2013

Many important food quality and safety attributes are unobservable at the point of sale, particularly in informal markets with weak reputation effects. Through a framed field experiment conducted in western Kenya, we show that farmers place a large premium on maize they have grown themselves,...

Persistent link: https://www.econbiz.de/10010881007

Impact of Third-Party Enforcement of Contracts in Agricultural Markets–A Field Experiment in Vietnam

Saenger, Christoph; Torero, Maximo; Qaim, Matin - Agricultural and Applied Economics Association - AAEA - 2012

Asymmetry of information is a fundamental problem in agricultural markets. Production contracts remain incomplete if product quality attributes measured by the buying company remain unobservable for the selling farmer. Opportunistic buyers would report lower than actual output quality,...

Persistent link: https://www.econbiz.de/10010916645

External Validity of Hypothetical Surveys and Laboratory Experiments

Chang, Jae Bong; Lusk, Jayson L.; Norwood, F. Bailey - Agricultural and Applied Economics Association - AAEA - 2008

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

Farmers as Producers of Clean Water: Getting Incentive Payments Right and Encouraging Farmer Participation

Collins, Alan R.; Maille, Peter - Agricultural and Applied Economics Association - AAEA - 2008

This research involved a field experiment using watershed payments as an incentive for farmers to address agricultural non-point pollution (ANP). Objectives were to: (1) describe how payments were estimated for a field experiment; (2) explain why a team approach is needed for ANP; (3) discuss...

Persistent link: https://www.econbiz.de/10005483434

Risk and Ambiguity Preferences and the Adoption of New Agricultural Technologies: Evidence from Field Experiments in Rural India

Ward, Patrick S.; Singh, Vartika - Agricultural and Applied Economics Association - AAEA - 2013

In this paper we conduct a series of eld experiments in rural India in order to measure preferences related to risk, loss, and ambiguity. Disaggregating by data, we nd that on average women are signicantly more risk averse and loss averse than men, though the higher average risk aversion arises...

Persistent link: https://www.econbiz.de/10010880943

Risk Aversion and Preference for Store Price Format

Yonezawa, Koichi; Richards, Timothy J. - Agricultural and Applied Economics Association - AAEA - 2013

Retailers design pricing strategies that can be characterized as a choice of store price format between offering everyday low prices (EDLP) and high / low prices (HILO). EDLP stores set prices which are constant over time, while HILO stores set prices which are higher than EDLP stores on...

Persistent link: https://www.econbiz.de/10010880975

Measuring Dynamic Efficiency under Uncertainty: An Application to German Dairy Farms

Wagner, Christina; Huettel, Silke; Odening, Martin; … - Agricultural and Applied Economics Association - AAEA - 2013

The existing literature on dynamic efficiency is deterministic and ignores uncertainty when deriving dynamic efficiency … measures, even though it is known that uncertainty affects the optimal adjustment path and the optimal use of quasi … optimal investment under uncertainty jointly into consideration. We apply this model to German farm-level panel data to …

Persistent link: https://www.econbiz.de/10010915946

Optimal Path for Global Land Use under Climate Change Uncertainty

Steinbuks, J.; Cai, Y.; Elliott, J.W.; Hertel, T.W.; … - Agricultural and Applied Economics Association - AAEA - 2013

. We then contrast this optimal path to that obtained when the uncertainty is not ignored, thereby demonstrating signicance … of factoring uncertainty in the optimization stage. …

Persistent link: https://www.econbiz.de/10010916011

Optimizing Biofuels Production in an Uncertain Decision Environment

Ziolkowska, Jadwiga R. - Agricultural and Applied Economics Association - AAEA - 2013

feedstocks, under the condition of limited resources and uncertainty resulting from incomplete information or missing knowledge …

Persistent link: https://www.econbiz.de/10010916222