scholarly journals Millennial university students’ valuation of traditional wine: Evidence from an experimental auction

2021 ◽  
Vol 10 (1) ◽  
pp. 133-145
Author(s):  
Elói Jorge ◽  
Ernesto Lopez-Valeiras ◽  
Maria Beatriz Gonzalez-Sanchez
Keyword(s):  
University Students ◽  
Willingness To Pay ◽  
Policy Implications ◽  
Purchase Decision ◽  
Experimental Auction ◽  
Experimental Auctions ◽  
Factors Affecting ◽  
Product Availability ◽  
Consumption Frequency ◽  
Main Factors

This paper analyzes whether the perception of traditional wine brings value to millennials. Based on survey data and experimental auctions (165 participants), this study identifies the main factors affecting this consumer groups’ willingness to pay for traditional wine through a Tobit model methodology. The results suggest that millennials are willing to pay a higher price depending on demographic factors such as monthly disposable income, on wine involvement variables such as consumption frequency, and on nourishing and health aspects and product availability at points of sale, both of which are wine purchase decision criteria. The investigation has significant marketing and policy implications.

scholarly journals Consumers’ Willingness to Pay for Foods with Traceability Information: Ex-Ante Quality Assurance or Ex-Post Traceability?

2019 ◽  
Vol 11 (5) ◽  
pp. 1464 ◽  
Author(s):  
Bo Hou ◽  
Linhai Wu ◽  
Xiujuan Chen ◽  
Dian Zhu ◽  
Ruiyao Ying ◽  
...  
Keyword(s):  
Quality Assurance ◽  
Food Safety ◽  
Willingness To Pay ◽  
Individual Characteristics ◽  
Quality Inspection ◽  
Experimental Auction ◽  
Factors Affecting ◽  
Ex Post ◽  
Ex Ante ◽  
Measurement Deviation

In this study, traceability in pork profile information with ex-ante quality assurance and ex-post traceability are constructed. Consumers’ willingness to pay (WTP) for traceability information is investigated in Wuxi, China, by combining the Multiple Price Lists method and the Becker–DeGroot–Marschak (BDM) experimental auction. The main factors affecting consumers’ WTP are also analyzed using a Tobit model. The results demonstrate that consumers have higher WTP for ex-ante quality assurance than for ex-post traceability. The highest WTP is for the ex-ante quality assurance attribute of pork quality inspection. Consumers’ WTP for traceability information is influenced by their individual characteristics, including age, education and income, as well as their concern and satisfaction about food safety and confidence in food safety labeling. The contribution of this paper is that it improves the meaning of traceable food information attributes and measures the significance of attributes to consumers. Furthermore, this paper introduces a Becker–DeGroot–Marschak experimental auction method which amends the measurement deviation of hypothetical experiments.

scholarly journals Economic Assessment of Meteorological Information Services for Aquaculture in Taiwan

Atmosphere ◽  
2021 ◽  
Vol 12 (7) ◽  
pp. 822
Author(s):  
Hen-I Lin ◽  
Je-Liang Liou ◽  
Ting-Huai Chang ◽  
Hao-Yang Liu ◽  
Fang-I Wen ◽  
...  
Keyword(s):  
Willingness To Pay ◽  
Economic Value ◽  
National Level ◽  
Information Services ◽  
Subjective Rating ◽  
Service Users ◽  
Factors Affecting ◽  
Starting Point ◽  
Main Factors ◽  
The Impact

The main purpose of this research was to evaluate and analyze the economic value of the meteorological information services (MIS) provided by the Central Weather Bureau (CWB) when applied to aquaculture in Taiwan. In this research, a contingent valuation method (CVM) was used to inquire about the subjective rating given to the CWB’s meteorological information services based on the responses to a national level questionnaire distributed among aquaculture farmers. The subjective rating revealed how the aquaculture farmers rated the accuracy of the MIS provided by the CWB and how they recognized the impact of the MIS on their aquaculture output. On this basis, this research determined the economic value brought about by the application of the meteorological information services. In order to understand the main factors affecting the respondents’ willingness-to-pay (WTP) for the MIS, this research also conducted an empirical estimation of the bid function. The results indicated that the main factors affecting the WTP were found to include the respondents’ subjective rating of the meteorological information services (including the accuracy rating and the effect rating), traditional social and economic background variables such as income and education level, as well as fish species. In addition, through testing the estimation of the bid function, it was also found that the survey sample used in this research had a significant starting point bias effect, which needed to be corrected using econometric methods. According to the empirical results, the median willingness-to-pay (WTP) of aquaculture farmers in Taiwan was 3544 New Taiwan Dollars (NTD)/person/year and the total economic value at the national level ranged from 157 million to 209 million NTD per year. Since the MIS service users have often lacked sufficient knowledge and ability to interpret the weather forecasts, how to strengthen the capabilities of service users in using MIS through the promotion of training programs and improve the value of the MIS may be an important policy insight.

CO2 Emissions and Economic Growth in Western China: An Empirical Analysis Based on Panel Data for Western Provinces

2012 ◽  
Vol 573-574 ◽  
pp. 690-695 ◽  
Author(s):  
Jin Rong Jiang ◽  
Shao Wei Chen ◽  
Pei Yu Ren
Keyword(s):  
Panel Data ◽  
Carbon Emissions ◽  
Industrial Structure ◽  
Policy Implications ◽  
Western China ◽  
Factors Affecting ◽  
Consumption Structure ◽  
Empirical Results ◽  
Negative Effect ◽  
Main Factors

This paper examines the factors that affect carbon emissions based on the panel data for 9 western provinces in China over the period 1990–2009. Our empirical results show that the output size, industrial structure and energy consumption structure are the main factors affecting carbon emissions, and the income level has a negative effect to carbon emissions. Some policy implications of the empirical results have finally been proposed

scholarly journals WILLINGNESS-TO-PAY FOR WATER SERVICE OF PEOPLE IN A COASTAL COMMUNE – A CASE STUDY IN VINH XUAN COMMUNE, PHU VANG DISTRICT, THUA THIEN HUE PROVINCE

2020 ◽  
Vol 58 (3A) ◽  
pp. 140
Author(s):  
CHAU NGOC MAI ◽  
GIANG BAC NGUYEN
Keyword(s):  
Willingness To Pay ◽  
Water Use ◽  
Tap Water ◽  
Vital Role ◽  
Clean Water ◽  
Water Shortages ◽  
Factors Affecting ◽  
Water Service ◽  
Main Factors

These days, clean water plays a vital role in the life but many inhabitants in Vinh Xuan, a coastal commune, are facing the clean water shortages. This paper presents the results of water use situation, Willingness-To-Pay (WTP) and analyzing the factors affecting WTP for water service of residents in Vinh Xuan. A survey on water consumption and WTP estimation of users for water service experienced that only one-third of Vinh Xuan people have had access to clean water. This situation illustrated getting access as well as using clean water have been still limited while the demand of water use has been rising. Besides, more than a half of inhabitants in this commune accepted to pay for better water quality and regular water supply even the water price is higher from 500 to 1,000 dong per m3. The average WTP was calculated, 8,519 dong per m3 with households using piped-supplied water and about 8,750 dong per m3 with non-using tap water households. Through interview and regression model, some main factors affecting household’s water use were awareness of water use, income of residents, etc. Several solutions were proposed to improve the situation of water use and WTP for water service in Vinh Xuan.

Effects of quality claims on willingness to pay for organic food

2016 ◽  
Vol 118 (9) ◽  
pp. 2218-2233 ◽  
Author(s):  
Marin Cagalj ◽  
Rainer Haas ◽  
Ulrich B. Morawetz
Keyword(s):  
Willingness To Pay ◽  
Organic Food ◽  
Food Products ◽  
Health Claims ◽  
Experimental Auction ◽  
Experimental Auctions ◽  
Content Type ◽  
Credence Attributes ◽  
Organic Products ◽  
The Eu

Purpose Claims about environmental impact, health effects and taste of food products are restricted in the EU. The purpose of this paper is to quantify how much such claims would change the willingness to pay (WTP) for organic products in Croatia. Design/methodology/approach For estimating the WTP under different claims the authors used an experimental auction. Participants (258) bid for real food products (organic and conventional tomatoes and apples) and are endowed with cash at a location where they usually go shopping. Findings For the sample the authors find that consumers are willing to pay on average a premium of 42 percent for organic apples and 59 percent for organic tomatoes. On top of that, WTP increases between 16-20 percent for environmental claims and 12 percent for health claims. Taste-related claims are not significant. Practical implications Sellers and producers of organic food can benefit from adding claims to organic labels. To protect consumers from manipulation, regulators are well advised to be cautions when allowing claims about credence attributes of food. Originality/value The authors quantify the influence of claims about organic products on the WTP by using experimental auctions which are particularly suitable to investigate effects which cannot be observed on the market.

Factors affecting depressive symptoms among university students in Bangladesh

2020 ◽  
Vol 61 (3) ◽  
Author(s):  
Ashis Talukder ◽  
Muhammad M. Hasan ◽  
Sheikh M. Shariful Islam
Keyword(s):  
Depressive Symptoms ◽  
University Students ◽  
Factors Affecting

Recent Rapid Climate Changes in Antarctic and their Influence on Low Diversity Ecosystems

2010 ◽  
Vol 17 (1) ◽  
pp. 17-30 ◽  
Author(s):  
Katarzyna J. Chwedorzewska
Keyword(s):  
Environmental Variables ◽  
Climate Changes ◽  
Biological Significance ◽  
Global Changes ◽  
Factors Affecting ◽  
Low Diversity ◽  
Main Factors ◽  
The Antarctic ◽  
High Diversity ◽  
Temperature Water

ABSTRACTThe geographic position, astronomic factors (e.g. the Earth’s maximum distance from the Sun during winter), ice cover and altitude are the main factors affecting the climate of the Antarctic, which is the coldest place on Earth. Parts of Antarctica are facing the most rapid rates of anthropogenic climate change currently seen on the planet. Climate changes are occurring throughout Antarctica, affecting three major groups of environmental variables of considerable biological significance: temperature, water, UV-B radiation.Low diversity ecosystems are expected to be more vulnerable to global changes than high diversity ecosystems

Factors affecting Daily Hassles of Open University Students

2010 ◽  
Vol 6 (2) ◽  
pp. 1-17
Author(s):  
Young Im Kim
Keyword(s):  
University Students ◽  
Daily Hassles ◽  
Open University ◽  
Factors Affecting

Pitting Corrosion of Biomedical Titanium and Titanium Alloys: A Brief Review

2020 ◽  
Vol 16 ◽  
Author(s):  
Yu-Wei Cui ◽  
Liang-Yu Chen ◽  
Xin-Xin Liu
Keyword(s):  
Corrosion Resistance ◽  
Pitting Corrosion ◽  
Potential Temperature ◽  
Growth Stages ◽  
Factors Affecting ◽  
Ti Alloys ◽  
Pitting Corrosion Resistance ◽  
Superior Mechanical Properties ◽  
Good Biocompatibility ◽  
Main Factors

Abstract:: Thanks to their excellent corrosion resistance, superior mechanical properties and good biocompatibility, titanium (Ti) and Ti alloys are extensively applied in biomedical fields. Pitting corrosion is a critical consideration for the reliability of Ti and Ti alloys used in the human body. Therefore, this article focuses on the pitting corrosion of Ti and Ti alloys, which introduces the growth stages of pitting corrosion and its main influencing factors. Three stages, i.e. (1) breakdown of passive film, (1) metastable pitting, and (3) propagation of pitting, are roughly divided to introduce the pitting corrosion. As reviewed, corrosive environment, applied potential, temperature and alloy compositions are the main factors affecting the pitting corrosion of Ti and Ti alloys. Moreover, the pitting corrosion of different types Ti alloys are also reviewed to correlate the types of Ti alloys and the main factors of pitting corrosion. Roughly speaking, β-type Ti alloys have the best pitting corrosion resistance among the three types of Ti alloys.

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