We develop and estimate a discrete-choice model of differentiated products for the corn and soybean seed industry in the United States to assess the welfare impact of genetically engineered (GE) crop varieties. We use a unique dataset, spanning the period 1996-2011, that contains rich information on the adoption of GE traits. Using a two-level nested logit model, we estimate that U.S. farmers a...

Two definitions of willingness-to-pay derived from a Vickrey auction with multi-product and multiple rounds with different information sets are examined. These definitions are examined in the context of valuing pork products with embedded environmental attributes and we show how information can have adverse effects on a base product of comparison. Copyright 2003 by Sean P. Hurley and James B. K...

We investigate whether beer drinkers are willing to pay a price premium for organic beer compared to conventional beer. Moreover, we identify subgroups of consumers with different preference patterns by investigating whether specific personal characteristics of the purchasers have an influence on this willingness-to-pay. Specifically, results are reported from a survey including a stated choice...

the study investigates consumers’ preference for cowpea reflected in the nigerian markets through price discounts and premiums that consumers pay for different cowpea characteristics. the price data used for this study were obtained through a market survey. a common data collection protocol was employed. every month, between october 2009 to december 2010, five cowpea samples per seller were bou...

This paper investigates howconcern for the environment translates into predictable patterns of consumer behavior. Two types of behavior are considered. First, individuals who care about environmental quality may voluntarily restrain their consumption of goods and services that generate a negative externality. Second, individuals may choose to pay a price premium for goods and services that are ...

Paying regard to the increasing concern of consumers towards nutrients-loaded food products and agriculture sustainability, main aim this paper is assess consumers’ willingness pay price premium for organic vegetables know their perception in Budhanilkantha-8 municipality, Kathmandu. A total 100 respondents were randomly surveyed using a questionnaire. The first part questionnaire included demo...

W consider a general model of monopoly price discrimination and characterize the conditions under which price discrimination is and is not profitable. We show that an important condition for profitable price discrimination is that the percentage change in surplus (i.e., consumers’ total willingness to pay, less the firm’s costs) associated with a product upgrade is increasing in consumers’ will...

How farmers are willing to pay bio-activators needs bestudied. The purposes of this study analyze theknowledge and use bio-activators, as well thewillingness for in rice farming. Theresearch was conducted Malang Regency, with a sampleof 82 from Ngajum Gondanglegi Districts. Datawere analyzed by descriptive multiple linear regression.The results showed that the aware one tofour brands three areu...