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A revealed preference auction experiment is used to elicit values for two attributes, one relating to genetic modification and the other to country of origin of the food product, canola oil. A premium for a non-GM canola oil is found to approximate CA$0.4 to $0.6 per litre. Auction format...
Persistent link: https://www.econbiz.de/10005468630
An understanding of the responsiveness of food demand to price changes is critical to decision making in the area of food policy. The estimation of these elasticities is difficult in developing countries, such as Fiji, due to a lack of reliable data. We review the existing data on food demand...
Persistent link: https://www.econbiz.de/10005320506
Persistent link: https://www.econbiz.de/10005220347
Oversupply has posed a number of problems for the Australian wine industry in recent times. When disaggregated from the industry level, however, the problem can be better described as a range of attribute-specific disequilibria. To date, solutions to this problem have predominantly revolved...
Persistent link: https://www.econbiz.de/10004989476