scholarly journals Consumer Preferences for Locally Made Specialty Food Products Across Northern New England

2005 ◽  
Vol 34 (2) ◽  
pp. 204-216 ◽  
Author(s):  
Kelly L. Giraud ◽  
Craig A. Bond ◽  
Jennifer J. Bond
Keyword(s):  
Willingness To Pay ◽  
New England ◽  
Contingent Valuation ◽  
New Hampshire ◽  
Food Item ◽  
Consumer Preferences ◽  
Food Products ◽  
Dichotomous Choice ◽  
Northern New England ◽  
Contingent Valuation Methods

Does willingness to pay a premium for local specialty food products differ between consumers in Maine, New Hampshire, and Vermont? Two food categories are investigated: low-end ($5) and high-end ($20) products. Premia estimates are compared across states and across base prices within states using dichotomous choice contingent valuation methods. Results suggest that the three states of northern New England have many similarities, including comparable price premia for the lower-priced good. However, there is some evidence that the premium for the higher-priced good is greater for the pooled Vermont and Maine treatment than for the New Hampshire treatment. Vermont and New Hampshire residents are willing to pay a higher premium for a $20 than for a $5 food item, while the evidence suggests that Maine residents are not.

scholarly journals Consumer willingness-to-pay for restaurant surcharges to reduce carbon emissions: default and information effects

2021 ◽  
pp. 1-29
Author(s):  
Dede Long ◽  
Grant H. West ◽  
Rodolfo M. Nayga
Keyword(s):  
Climate Change ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Carbon Emissions ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Dichotomous Choice ◽  
Carbon Reduction ◽  
The Mean ◽  
Agriculture And Food

Abstract The agriculture and food sectors contribute significantly to greenhouse gas emissions. About 15 percent of food-related carbon emissions are channeled through restaurants. Using a contingent valuation (CV) method with double-bounded dichotomous choice (DBDC) questions, this article investigates U.S. consumers’ willingness to pay (WTP) for an optional restaurant surcharge in support of carbon emission reduction programs. The mean estimated WTP for a surcharge is 6.05 percent of an average restaurant check, while the median WTP is 3.64 percent. Our results show that individuals have a higher WTP when the surcharge is automatically added to restaurant checks. We also find that an information nudge—a short climate change script—significantly increases WTP. Additionally, our results demonstrate that there is heterogeneity in treatment effects across consumers’ age, environmental awareness, and economic views. Our findings suggest that a surcharge program could transfer a meaningful amount of the agricultural carbon reduction burden to consumers that farmers currently shoulder.

scholarly journals A Study on the Value of Preserving a Parasitic Volcanic Sieve as a Tourism Good for Sustainable Management: Using the Contingent Valuation Method

2020 ◽  
Vol 12 (7) ◽  
pp. 2825
Author(s):  
Won Seok Lee
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Causal Relationship ◽  
Sustainable Management ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Dichotomous Choice ◽  
Valuation Method ◽  
Good For

The purpose of this study is to estimate the economic value of Geomun Oreum (GO), a parasitic volcanic sieve, for sustainable management by using the dichotomous choice contingent valuation method. To address the exaggeration tendency of willingness to pay (WTP), the contingent valuation method’s (CVM’s) traditional threshold, respondents’ WTP answers were reconfirmed to screen only true responses for our analysis. In addition to estimating the economic value, the causal relationship between the tour guide’s quality of explanation and the respondents’ payment intention is examined in the study. The results reveal that the estimated preservation value of GO is 35,881 KRW (33.28 USD), and the quality of the tour guide’s narrative is statistically related to the respondents’ payment intention.

scholarly journals Impact of Farmers Home Administration's Future Policies on Northern New England Dairymen

1972 ◽  
Vol 1 (01) ◽  
pp. 139-147
Author(s):  
Sherrill B. Nott ◽  
Laura Calub
Keyword(s):  
New England ◽  
New Hampshire ◽  
Dairy Farms ◽  
Business Sector ◽  
Policy Alternatives ◽  
Northern New England ◽  
Farmers Home Administration ◽  
Future Policy ◽  
The Impact ◽  
Home Administration

Individuals working with farmers in the Northern New England States of Maine, New Hampshire and Vermont have claimed that the Farmers Home Administration has increased non-farm loans, while deliberately curtailing new farm loan activities and reducing the service on existing farm loans. If these allegations are true, it is important for the Northern New England agri-business sector to consider the future implications. The objective of this paper is to analyze the impact of future policy alternatives available to the Farmers Home Administration on the region's dairy farms.

Improved Estimation of Willingness to Pay in Dichotomous Choice Contingent Valuation Studies

1998 ◽  
Vol 74 (1) ◽  
pp. 65 ◽  
Author(s):  
Ian H. Langford ◽  
Ian J. Bateman ◽  
Andrew P. Jones ◽  
Hugh D. Langford ◽  
Stavros Georgiou
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Dichotomous Choice
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