An Experimental Investigation of Consumer Willingness to Pay for Non-GM Foods When an Organic Option Is Present
2006 ◽
Vol 35
(2)
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pp. 374-385
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Keyword(s):
Gm Foods
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This research compared bids that consumers placed on non genetically modified (GM), organic, and conventional versions of food products in order to determine if the organic market well serves those seeking to avoid GM foods. Auction experiments using potato chips, tortilla chips, and milk chocolate were conducted with 79 subjects. Bids were modeled as a function of consumer demographics using a heteroskedastic tobit regression model. Results with the non-GM attribute nested into the organic characteristic showed that the latter's marginal effects were insignificant. This suggested the potential to further develop non-GM products for consumers not willing to pay extra for the remaining organic attributes.
Analysis of Severe Injury Accident Rates on Interstate Highways Using a Random Parameter Tobit Model
2017 ◽
Vol 2017
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pp. 1-6
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Keyword(s):
1998 ◽
Vol 37
(1-4)
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pp. 219-228
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2013 ◽
Vol 869-870
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pp. 612-620
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2017 ◽
Vol 109
(2)
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pp. 315
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2013 ◽
Vol 26
(5)
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pp. 737-746
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An Analysis on Vehicle Accident Factors of Intersections using Random Effects Tobit Regression Model
2017 ◽
Vol 16
(1)
◽
pp. 26-37
Keyword(s):