Experimental Evidence on Alternative Environmental Valuation Methods

Harrison, Glenn W.

doi:10.1007/s10640-005-3792-9

Cited by 172 publications

(75 citation statements)

References 61 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…After arrival of the participants, subjects were informed that they would receive €10 participation fee at the end of the session. After subjects consented to participate in the auction, they were assigned an ID number and received the experimental instructions together with 1 However, some researchers have cautioned that repeated exposure of subjects to market price might cause their bids to become affiliated, which could then cause the incentive compatibility property of the auction mechanism to break down Harrison, 2006). These researchers are in favor of one-shot institutions rather than repeated ones.…”

Section: Resultsmentioning

confidence: 99%

Short communication: Consumer’s willingness to pay for indigenous meat products: The case of a Spanish sheep breed

Gracía

Magistris

2016

Span. j. agric. res.

View full text Add to dashboard Cite

European farmers of indigenous local breeds have benefited from European Union economic support in the past and it is forecast to continue being supported in the future. However, it is in the public debate that economic support cannot last forever. Then, for the long-run maintenance of indigenous local breeds to be possible, the derived meat products from these breeds should be demanded by consumers or at least by a group of local consumers. This is the aim of this paper, to study consumers’ demand for indigenous local meat products. In particular, to assess how much consumers are willing to pay for a Spanish lamb meat from an indigenous sheep breed (“Ojinegra de Teruel”). To do that, a non-hypothetical experimental auction with local consumers (those living in a medium-size town around 150 km from the producing area of this meat) was used. Results indicated that consumers were willing to pay, on average, €0.45 (15% of the market price) more for the lamb meat with the “Ojinegra de Teruel” breed claim than for the one without breed indication (as it is now sold in the market). Then, local consumers clearly accept the differentiated meat through the indigenous breed indication. Then, producers in the area could have more opportunities to sell in the local market if they differentiate their meat using the indigenous “Ojinegra de Teruel” claim than using the undifferentiated strategy they are undertaken now.

show abstract

Section: Resultsmentioning

confidence: 99%

Short communication: Consumer’s willingness to pay for indigenous meat products: The case of a Spanish sheep breed

Gracía

Magistris

2016

Span. j. agric. res.

View full text Add to dashboard Cite

show abstract

“…As it stands, however, there seems to be two camps of researchers that have different views about the issue of use of repeated trials/rounds in experimental auctions. One camp includes researchers like Harrison (2006) and Corrigan and Rousu (2006) who argue in favour of one-shot institutions rather than repeated institutions. Another camp would include researchers like Lusk and Shogren (Lusk andShogren 2007, Shogren 2006) who tend to be supportive of repeated trials in auctions.…”

Section: Introductionmentioning

confidence: 99%

“…Another camp would include researchers like Lusk and Shogren (Lusk andShogren 2007, Shogren 2006) who tend to be supportive of repeated trials in auctions. Harrison (2006) and Harrison et al (2004) make the argument that posted prices can signal either the extra-experimental market price of the commodity (or a field substitute) or the quality of the commodity which would cause people's bids to become inter-dependent. Lusk and Shogren (2007) test the argument about the signal of quality by examining the bids for different qualities of beef steaks in a five-round second-price auction.…”

Section: Introductionmentioning

confidence: 99%

“…While their finding is suggestive, there is not yet a great deal of evidence about quality signals and more research is indeed warranted. Shogren (2006) argues that if affiliation is indeed a concern, then the one-shot auctions as put forward by Harrison (2006) would not eliminate the problems. Prices are not the only value signals in experiments since subjects can also use signals such as visual cues and verbal allusions.…”

Section: Introductionmentioning

confidence: 99%

“…For example, List and Shogren (1999) modelled the median bid in round t as a function of the posted price in the previous round. However, since theory does not support the use of a summary statistic in these tests, the validity of their test is to be questioned, a point also raised in Harrison (2006). Alfnes and Rickertsen (2003) use OLS in regressing the change in participant i's bid from round t-1 to t on the difference between the posted price and individual i's bid in trial t-1.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

A Consistent Econometric Test for Bid Interdependence in Repeated Second-Price Auctions with Posted Prices

et al. 2011

View full text Add to dashboard Cite

In repeated second-price experimental auctions, the winning bid is normally posted after each round. The posting of these winning prices after each round can result in bids submitted in later rounds to be interdependent with posted prices from earlier rounds. Several approaches in the past have tried to scrutinize their experimental data for value interdependence by regressing bids on lagged market prices or lagged bids and ignoring the inherent endogeneity problem. This paper introduces a formal test for bid interdependence in repeated second-price auctions with posted prices using a dynamic panel model. We then apply this test to formally check the presence of bid interdependence in three datasets used in previous studies.

show abstract

Would consumers value food‐away‐from‐home products with nutritional labels?

2009

View full text Add to dashboard Cite

The authors examine consumers' valuation for food-away-from-home products with and without nutritional labels using experimental auctions. They presented subjects with three different nutritional information schemes: a European Union type label, a United States type label, and a traffic-light colored information label. Furthermore, they examined the role of reference prices (i.e., the real market prices of the products) within the context of experimental auctions. Using well-known products, our results indicate that subjects bid more for the products with nutritional labels. However, among products with nutritional information, subjects' willingness to pay values differ depending on the type of nutritional label on the product. In addition, the authors find evidence that inclusion of reference prices leads to higher bids. [JEL classifications: D12, C23]. © 2009 Wiley Periodicals, Inc.

show abstract

Experimental Evidence on Alternative Environmental Valuation Methods

Cited by 172 publications

References 61 publications

Short communication: Consumer’s willingness to pay for indigenous meat products: The case of a Spanish sheep breed

Short communication: Consumer’s willingness to pay for indigenous meat products: The case of a Spanish sheep breed

A Consistent Econometric Test for Bid Interdependence in Repeated Second-Price Auctions with Posted Prices

Would consumers value food‐away‐from‐home products with nutritional labels?

Contact Info

Product

Resources

About