Are Choice Experiments Incentive Compatible? A Test with Quality Differentiated Beef Steaks
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چکیده
منابع مشابه
Are Choice Experiments Incentive Compatible? a Test with Quality Differentiated Beef Steaks
This study compares hypothetical and nonhypothetical responses to choice experiment questions. We test for hypothetical bias in a choice experiment involving beef ribeye steaks with differing quality attributes. In general, hypothetical responses predicted higher probabilities of purchasing beef steaks than nonhypothetical responses. Thus, hypothetical choices overestimate total willingness-to-...
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In this comment we argue that the experimental evidence provided by Cummings et al. is not inconsistent with hypothetical referenda being an incentive compatible mechanism for eliciting economic values. Differences in response proportions between hypothetical and real referenda can be expected if the underlying distributions have equal means but differ in scale. Once rescaled, Cummings et al.’s...
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To determine consumer sensory acceptance and value of branded, Argentine (grass-finished, aged 30+ d) and domestic (U.S. grain-finished beef, aged 9 d) strip loins were paired based on similar Warner-Bratzler shear force values (P = 0.34) and similar marbling levels (P = 0.82). Consumers in Chicago, IL, and San Francisco, CA (n = 124 per city), evaluated one pair of Argentine and domestic steak...
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Trading goods online has numerous advantages. One that is particularly compelling is that online merchants can offer their goods at lower prices compared to their offline counterparts. The physical distance between buyers and sellers, however, also leads to problems of trust. Consider the online auction site eBay as an example: its procedure is such that the winning bidder (henceforth the buyer...
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ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 2004
ISSN: 0002-9092,1467-8276
DOI: 10.1111/j.0092-5853.2004.00592.x