Value elicitation for multiple quantities of a quasi-public good using open ended choice experiments and uniform price auctions
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Elbakidze, Levan | - |
dc.contributor.author | Nayga, Rodolfo M., Jr. | - |
dc.contributor.author | Li, Hao | - |
dc.contributor.author | McIntosh, Chris | - |
dc.date.accessioned | 2021-09-05T11:01:09Z | - |
dc.date.available | 2021-09-05T11:01:09Z | - |
dc.date.created | 2021-06-15 | - |
dc.date.issued | 2014-03 | - |
dc.identifier.issn | 0169-5150 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/99145 | - |
dc.description.abstract | Choice experiments and experimental auctions have become popular mechanisms for estimating willingness to pay (WTP). However, these methods have primarily been used for estimating WTP for single units of goods. We analyze the results from experimental auctions and choice experiments in the context of multiple quantities of a quasi-public good (animal welfare product). We show that the use of WTP values for a single unit of a product, a common practice in experimental valuation literature, can result in underestimation of aggregate demand. We use and compare open ended choice experiments (OECE), second price Vickrey auctions, and random Nth price auctions as mechanisms for valuing WTP. Our results also suggest that individual level demand estimates from OECE are less elastic than demand estimates from uniform price auctions. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | WILEY | - |
dc.subject | WILLINGNESS-TO-PAY | - |
dc.subject | CONTINGENT VALUATION | - |
dc.subject | ANIMAL-WELFARE | - |
dc.subject | CONSUMERS | - |
dc.subject | PREFERENCES | - |
dc.subject | DEMAND | - |
dc.subject | BEEF | - |
dc.subject | INFORMATION | - |
dc.subject | ALTRUISM | - |
dc.subject | TESTS | - |
dc.title | Value elicitation for multiple quantities of a quasi-public good using open ended choice experiments and uniform price auctions | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Nayga, Rodolfo M., Jr. | - |
dc.identifier.doi | 10.1111/agec.12044 | - |
dc.identifier.scopusid | 2-s2.0-84895524159 | - |
dc.identifier.wosid | 000332170700010 | - |
dc.identifier.bibliographicCitation | AGRICULTURAL ECONOMICS, v.45, no.2, pp.253 - 265 | - |
dc.relation.isPartOf | AGRICULTURAL ECONOMICS | - |
dc.citation.title | AGRICULTURAL ECONOMICS | - |
dc.citation.volume | 45 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 253 | - |
dc.citation.endPage | 265 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Agriculture | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Agricultural Economics & Policy | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | WILLINGNESS-TO-PAY | - |
dc.subject.keywordPlus | CONTINGENT VALUATION | - |
dc.subject.keywordPlus | ANIMAL-WELFARE | - |
dc.subject.keywordPlus | CONSUMERS | - |
dc.subject.keywordPlus | PREFERENCES | - |
dc.subject.keywordPlus | DEMAND | - |
dc.subject.keywordPlus | BEEF | - |
dc.subject.keywordPlus | INFORMATION | - |
dc.subject.keywordPlus | ALTRUISM | - |
dc.subject.keywordPlus | TESTS | - |
dc.subject.keywordAuthor | Q51 | - |
dc.subject.keywordAuthor | Willingness to pay. Animal welfare | - |
dc.subject.keywordAuthor | C91 | - |
dc.subject.keywordAuthor | Experimental auctions | - |
dc.subject.keywordAuthor | Choice experiments | - |
dc.subject.keywordAuthor | R22 | - |
dc.subject.keywordAuthor | Demand schedule | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.