The value of genetic information to livestock buyers: a combined revealed, stated preference approach

Vestal, Mallory K.; Lusk, Jayson L.; DeVuyst, Eric A.; Kropp, J.

doi:10.1111/agec.12016

Cited by 18 publications

(34 citation statements)

References 18 publications

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“…Originally, the DCE method has been used in the transport economics (Hensher & Truong, ) and marketing literature (Louviere & Woodworth, ), but increasingly applied in other research areas, including environment (Adamowicz et al., ; Colombo, Hanley, & Louviere, ), food safety and quality (Ifft, Roland‐Holst, & Zilberman, ), and other related disciplines. There is also a growing literature in application of DCE in valuation of animal and plant genetic resources (Elbakidze, Nayga Jr., Li, & McIntosh, ; Eric, Guy, & Riccardo, ; Kassie et al., ; Ouma, Abdulai, & Drucker, ; Scarpa et al., ; Vestal, Lusk, DeVuyst, & Kropp, ).…”

Section: Methodsmentioning

confidence: 99%

Understanding farmers’ preference for traits of chickens in rural Ethiopia

Terfa

Garikipati

Kassie³

et al. 2019

Agricultural Economics

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Traditional poultry production plays an irreplaceable role in the sustenance of livelihoods in rural Ethiopia. Ironically, however, much has been done to replace indigenous poultry breeds with exotic genetic resources regardless of the importance producers and consumers attach to attributes of the resources. This study aims at informing policy to establish effective indigenous poultry breeding and conservation programs. Discrete choice experiment (DCE) was employed to generate data. Designing of the DCE involved identification, definition, and measurement of attributes of adaptive, productive, and sociocultural importance considering the multiple functions of village chickens. Random parameters logit and the generalized multinomial logit (G-MNL) models were used to estimate taste parameters. Economic values of traits of chickens were estimated using the utility in willingness-to-pay (WTP) space approach, based on G-MNL model formulation. The results show that important traits of chickens to farmers are mothering ability, diseases resistance, and meat and eggs taste. These findings question the appropriateness, at least in the prevailing production system, of the Ethiopian national government's effort to improve productivity in village poultry by targeting specialized egg-layer improved chickens. The findings also suggest that poultry breeding programs aiming to provide readily acceptable breed technology by farmers need to prioritize traits of adaptive importance, and mothering ability, instead of focusing on egg productivity only. The key implication is that the unique qualities of the indigenous poultry breeds need to be carefully identified and prioritized before resorting to those that proved to be successful in different production systems.

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Section: Methodsmentioning

confidence: 99%

Understanding farmers’ preference for traits of chickens in rural Ethiopia

Terfa

Garikipati

Kassie³

et al. 2019

Agricultural Economics

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“…A hedonic pricing model was specified to estimate the impact of phenotypic traits, performance measurements, and EPDs on bull sale price over time, which follows the modeling approach of previous studies (Bekkerman, Brester, and McDonald, 2013;Brimlow and Doyle, 2014;Chvosta, Rucker, and Watts, 2001;Dhuyvetter et al, 1996;Jones et al, 2008;Kessler, Pendell, and Enns, 2017;McDonald et al, 2010;Vanek, Watts, and Brester, 2008;Vestal et al, 2013). Hedonic pricing models have been used to determine the influence of characteristics over time (Blank, Saitone, and Sexton, 2016;Hanson, Sherrick, and Kuethe, 2018;Zimmerman et al 2012).…”

Section: Empirical Modelmentioning

confidence: 99%

“…Interestingly, they noted birth weight EPD as one of the most valued by producers. Vestal et al (2013) used a stated preference and revealed preference study to determine how EPDs affected bull sale prices. Bull sale data from three Oklahoma Beef Inc. performance-tested bull sales in 2009-2010 were used in their revealed preference study.…”

Section: Introductionmentioning

confidence: 99%

Price Determinants of Performance-Tested Bulls over Time

Boyer

Campbell

Griffith

et al. 2019

J. Agric. Appl. Econ.

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We estimate the values of bull phenotypic traits, performance measurements, and expected progeny differences (EPDs) over time using bull sale data from an auction in Tennessee from 2006 to 2016. Moreover, we determine how a state partial-cost reimbursement program for bulls with certain EPDs affects bull sale price. Purebred seed stock producers in this region should focus on selling large, fast-growing, mature bulls that produce lighter calves for reduced calving stress. The state cost-share payment did not significantly increase bull prices in most years, meaning this payment was retained by cow-calf producers in most years.

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“…() and Vestal et al. (), participants in our research made real, rather than hypothetical, choices. Participants submitted bids for six alternative wines drawn from the store's inventory; alternatives had shelf prices that were within three dollars of the original wine's shelf price…”

Section: Experimental Design and Proceduresmentioning

confidence: 73%

Consumer sorting and hedonic valuation of wine attributes: exploiting data from a field experiment

Gustafson

Lybbert

Sumner

2016

Agricultural Economics

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This article uses a novel experimental approach to measure consumer willingness to pay (WTP) for wine attributes. We invited customers of a local supermarket who had selected a bottle of wine to purchase to participate in a valuation experiment. Integrating their original wine choice into the experiment, each participant evaluated six alternative wines, generating a rich set of data on willingness to pay and consumer characteristics. The data from the experiment allow us to compare standard shelf price-based wine attribute valuation estimates with estimates using WTP data and an increasing amount of information about individual consumers. The full model employs individual fixed effects to estimate WTP parameters without bias from consumer sorting or supply side influences. Our WTP estimates for wine attributes differ markedly from previous attribute value estimates. Consumers in our sample display clear and stable preferences for wine varieties, but less clear preferences for appellations. Our results suggest caution is needed in using market prices to estimate parameters of the consumer valuation function for product attributes. JEL classifications: C93, D12, L66

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The value of genetic information to livestock buyers: a combined revealed, stated preference approach

Cited by 18 publications

References 18 publications

Understanding farmers’ preference for traits of chickens in rural Ethiopia

Understanding farmers’ preference for traits of chickens in rural Ethiopia

Price Determinants of Performance-Tested Bulls over Time

Consumer sorting and hedonic valuation of wine attributes: exploiting data from a field experiment

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