Willingness to pay for multiple quantities of animal welfare dairy products: Results from random Nth-, second-price, and incremental second-price auctions

Levan Elbakidze, Rodolfo M. Nayga, Jr, Hao Li

Research output: Contribution to journalArticle

11 Citations (Scopus)

Abstract

Nonhypothetical experimental auctions are used to elicit willingness to pay for humane animal care-certified dairy products: cheese and ice cream. We use second-price, random Nth-price, and incremental second-price auctions in multiproduct, multiquantity, and multiround contexts. The results contrast participants' bids across different auction mechanisms and different products. Differences in bidding patterns are detected across auction mechanisms as well as products. Our results suggest that subjects on average are only willing to pay a premium price for one unit of humane animal case-certified ice cream but not for multiple quantities.

Original languageEnglish
Pages (from-to)417-438
Number of pages22
JournalCanadian Journal of Agricultural Economics
Volume61
Issue number3
DOIs
Publication statusPublished - 2013 Sep 1
Externally publishedYes

Fingerprint

animal welfare
auctions
willingness to pay
dairy products
ice cream
ice
animal care
animal
cheeses
dairy product
price
Second-price auction
Auctions
Willingness-to-pay
Incremental
Animal welfare
Animals
Dairy products
animals
product

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Animal Science and Zoology
  • Economics and Econometrics
  • Ecology
  • Global and Planetary Change

Cite this

Willingness to pay for multiple quantities of animal welfare dairy products : Results from random Nth-, second-price, and incremental second-price auctions. / Elbakidze, Levan; Nayga, Jr, Rodolfo M.; Li, Hao.

In: Canadian Journal of Agricultural Economics, Vol. 61, No. 3, 01.09.2013, p. 417-438.

Research output: Contribution to journalArticle

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