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Auction experiments were used to examine demand relationships and willingness to pay (WTP) for organic, rBST-free, no antibiotics used, and conventional milk. Elasticities showed strong substitute and complement relationships between organic, rBST-free, and no antibiotics varieties. The sum of...
Persistent link: https://www.econbiz.de/10014207330
The public good experiment has been used as both a teaching and research tool. In almost all instances it has been designed without reference to a specific public good or real-world application. This is done so participants' feelings or experiences involving the public good do not affect their...
Persistent link: https://www.econbiz.de/10014088117
Secondary school students in six transitional economies, Belarus, Croatia, Kyrgyzstan, Lithuania, Russia and Ukraine, along with students in the USA, were surveyed about academic cheating. Regardless of geographic location, a substantial majority of all students reported that they had cheated on...
Persistent link: https://www.econbiz.de/10005819574
Consumers motivated by curiosity may enter a ‘hot' state when confronted with a desirable novel product and be unable to judge their future actions in a ‘cold'' state. To test this, a multiple week auction experiment was conducted using an opportunity to rent an MP3 player. Subjects...
Persistent link: https://www.econbiz.de/10005110605
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The U.S. broiler industry is highly vertically integrated and increasingly concentrated in the number of firms and production areas. These structural elements could have implications for performance and the functioning of the law of one price (LOP) across regions. This article investigates this...
Persistent link: https://www.econbiz.de/10005802743
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A large segment of consumers appear to value niche products including organic, “non-GM,†“pesticide-free,†and “no antibiotics used†more in fresh products than in processed. About ten percent of the respondents were especially interested in non-GM products. These...
Persistent link: https://www.econbiz.de/10008546832
Persistent link: https://www.econbiz.de/10005136002
Typical supermarket chickens are produced with novel or controversial attributes. This continues despite contrasting growth in consumer interest in organic and natural foods. This study surveyed Delaware consumers’ likelihood to purchase chicken given different attributes: free range,...
Persistent link: https://www.econbiz.de/10005041428