Agriculture is an important sector in Ghana's economy, however, with high risk due to natural factors like climate change, pests and diseases and bush fires among others. Farmers in the Brong-Ahafo region of Ghana which is known as one of the major cocoa producing regions, face these risks which sometimes results in crop failure. The need for farmers to therefore insure their farms against crop...

In 2002, consumers in Chicago and Denver were surveyed and participated in an experimental auction to elicit their willingness-to-pay for country-of-origin labeling (COOL) of beef. Survey results indicate that the majority of consumers (73%) were willing to pay an 11% and 24% premium for COOL of steak and hamburger, respectively. In the auction, consumers were willing to pay a 19% premium for s...

A.A. Cerda, L.Y. García, F.J. Tolosa, and V.A. García. 2015. Preferences and willingness to pay for organic pears among high-income people in the Metropolitan Region of Santiago, Chile. Cien. Inv. Agr. 42(2):181-189. The aim of this study is to determine the preferences and willingness to pay for organic pears among high-income people in the Metropolitan area of Santiago de Chile. To do this, t...

There is a need for the communities to develop their health financing system, most especially those that were not covered by the National Health Insurance Scheme (NHIS). This will give the people an opportunity to finance their medical care which in turn would alleviate financial burden at the point of treatment. Therefore, this study is aimed to determine the level of awareness for Community B...

The aim of this paper is to analyse the main determinants of consumers’ knowledge and their willingness to pay for organic food products. Moreover, the relationship between knowledge and buying behaviour is explored. Virgin olive oil is taken as an example. Data was generated by way of an experimental auction carried out in two cities in northeast Spain. A three-equation model is estimated: 1) ...

We evaluate two mechanisms for setting prices in a QoS-enhanced network with congestion-sensitive pricing and resource allocation based on users’ willingness to pay. In the first model, the congestion-sensitive component of the price is calculated by tâtonnement, with the price adjusted gradually to drive down the user demand to the supply level of network resources. In the second model, each u...

Aflatoxin is a human health threat concern in many developing countries. This study examines Kenyan milk consumers’ behaviour toward aflatoxin by way of choice experiments. Further, willingness to pay for different types of milk and aflatoxin status awareness were assessed. Four attributes were selected to describe milk products: smell, colour, price and aflatoxin-free certification. Results in...

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...