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Existing hedonic methods cannot be easily adapted to estimate willingness to pay for product characteristics when willingness to pay depends on a very large basket of goods. We show how to marry these methods with revealed preference arguments to estimate bounds on willingness to pay using data...
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proposed that the island nation of The Commonwealth of Dominica convert all agriculture to organic production. This study … explores Dominica’s current and potential domestic demand for organic and/or “locally grown” produce. Surveys were conducted … likelihood estimation procedure. On average, Dominican consumers are willing to pay 17.5 % more for organic, and 12 % more for …
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Labels signaling sustainable product attributes are gaining importance, although uncertainty concerning the environmental, micro- and macroeconomic benefits of such labels persist. One of the questions still incom-pletely answered is whether Willingness To Pay (WTP) varies with a gradually...
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willing to pay more for locally-grown applesauce compared to applesauce that was labeled organic or low fat and low sugar …
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