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A choice-based conjoint (CBC) experiment was employed to analyze Chinese consumers preferences for fluid milk defined by four choice attributes: production processing method, fat content level, taste, and price. The results from two analysis approaches (counting and multinomial logit models)...
Persistent link: https://www.econbiz.de/10005038942
Opportunistic behavior in crop insurance can arise due to asymmetric information between producers and the Federal Crop Insurance Corporation. Producers who insure fields using transitional yields based on county average yields or who select options such as buy-up coverage or revenue insurance...
Persistent link: https://www.econbiz.de/10005509709
Grass-fed beef is a product with health benefits that may appeal to health-conscious consumers. This article analyzes the results of a choice experiment to explore the importance of health benefits in the marketing of grass fed beef. Both price and fat and calories have a negative effect on the...
Persistent link: https://www.econbiz.de/10005454354
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We investigate the trade-off agricultural producers face between profits and stewardly activities when selecting farm practices. Instead of the profit-maximization framework, we model producer behavior in an expanded utility framework, built on production technology, and including two utility...
Persistent link: https://www.econbiz.de/10005748289
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Life expectancy, literacy rates, per capita income, mortality and morbidity statistics have been widely employed in empirical analyses to construct various indices of quality of life (QOL). The reason why so many indices of well-being exist in the literature is partly explained by the fact that...
Persistent link: https://www.econbiz.de/10008869080
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In the past twenty years the growth of China's economy and agriculture has been extraordinary. However it seems unlikely that, without substantial interventions, China will attain self-sufficiency in agriculture by 2005. We build a CGE model to examine the main trade policy options available to...
Persistent link: https://www.econbiz.de/10005513572