In this study, we investigated the relationship between welfare standards in sheep farms and farmers' perceptions of factors affecting animal welfare. We developed a scale of 34 items to measure farmers' perceptions of animal welfare. We examined the relationships among variables in farmers' characteristics, our observations, and farmers' expressed perceptions through a t test, variance analysi...

Allaz and Vila (1993) argued that forward markets mitigate market power and enhance efficiency. This paper analyzes the implications of forward markets when oligopolistic firms endogenously choose capacity levels. The paper shows that the forward market that occurs after the investment decision is committed may discourage total investment and result in a Pareto-inferior outcome. However, the fo...

For a partition P of a set C we prove that if P maximizes the generalized utilitarian social welfare function then P is a Pareto optimal partition. We also give a condition under whic the partition that maximizes is unique. Mathematics Subject Classification: 58E17, 91B15

This paper examines the problem of aggregating infinite utility streams with a social welfare function that respects the Hammond Equity and Weak Pareto Axioms. The paper provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A social welfare function satisfying the Hammond Equity and Weak Pareto Axioms exists on precisely those do...

This study aimed to verify whether consumers confirm their willingness to pay extra costs for higher animal welfare standards in a situation where a potential purchase performed by consumers, such as the Vickrey auction, is used. A 104-member consumer panel was asked to rate its willingness to pay (WTP) for plain and low-fat yogurts in 3 information conditions: tasting without information (blin...