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dc.contributor.authorGriffith, Rachelen
dc.contributor.authorNesheim, Larsen
dc.date.accessioned2010-10-07-
dc.date.accessioned2012-10-16T13:12:34Z-
dc.date.available2012-10-16T13:12:34Z-
dc.date.issued2010-
dc.identifier.pidoi:10.1920/wp.cem.2010.2410en
dc.identifier.urihttp://hdl.handle.net/10419/64750-
dc.description.abstractThe recent literature has brought together the characteristics model of utility and classic revealed preference arguments to learn about consumers' willingness to pay. We incorporate market pricing equilibrium conditions into this setting. This allows us to use observed purchase prices and quantities on a large basket of products to learn about individual household's willingness to pay for characteristics, while maintaining a high degree of flexibility and also avoiding the biases that arise from inappropriate aggregation. We illustrate the approach using scanner data on food purchases to estimate bounds on willingness to pay for the organic characteristic. We combine these estimates with information on households' stated preferences and beliefs to show that on average quality is the most important factor affecting bounds on household willingness to pay for organic, with health concerns coming second, and environmental concerns lagging far behind.en
dc.language.isoengen
dc.publisher|aCentre for Microdata Methods and Practice (cemmap) |cLondonen
dc.relation.ispartofseries|acemmap working paper |xCWP24/10en
dc.subject.jelD12en
dc.subject.jelL11en
dc.subject.jelL81en
dc.subject.jelQ51en
dc.subject.jelC81en
dc.subject.ddc330en
dc.subject.stwBiokosten
dc.subject.stwHedonischer Preisindexen
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwOffenbarte Präferenzenen
dc.subject.stwWillingness to payen
dc.subject.stwTheorieen
dc.titleEstimating households' willingness to pay-
dc.typeWorking Paperen
dc.identifier.ppn63632091Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ifs:cemmap:24/10en

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