In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...

By reviewing the current demand literature for fish and meat, it is apparent that several inadequacies arise from the problems of market delineation or aggregation errors. Inappropriate aggregation may lead to biases in price elasticities and associated specification problems with respect to...

The production and use of biodiesel is an important alternative in Europe to diminish the emission of gases in order to fulfill the Kyoto protocol goals. Supported by the Common Agricultural Policy (CAP), the production of biodiesel has increased in Europe but the consumption is only of...

We examined four evolution paths of the biofuel sector using a partial equilibrium worldagricultural sector model in CARD that includes the new RFS in the 2007 EISA, a two-wayrelationship between fossil energy and biofuel markets, and a new trend toward corn oilextraction in ethanol plants. At...

Exchange rates have long been thought to have an important impact on the export and importof goods and services, and, thus, exchange rates are expected to influence the price of thoseproducts that are traded. At the same time, energy impacts commodity production in somevery important ways. The...

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Reduction in coffee consumption has required from coffee organizations the development ofmarketing techniques so as to creating value to their product as well as reaching consumer’s satisfaction. Thiswork aimed at identifying questions on coffee consumers’ desires, perceptions, preferences...

Communities adjacent to forest are faced with a challenge of balancing their labour allocation decisions to the different household activities. This study was done around Kakamega forest in Western Kenya and examined empirically the factors influencing households’ labour allocation to...