Economic feasibility of Campylobacter -reduced chicken: Do consumers have high willingness to pay?

Agribusiness ◽  
2017 ◽  
Vol 34 (2) ◽  
pp. 222-239 ◽  
Author(s):  
Yukichika Kawata ◽  
Masahide Watanabe
Keyword(s):  
Willingness To Pay ◽  
Economic Feasibility ◽  
High Willingness

scholarly journals Analysis of Consumer Preference for Milk Produced through Sustainable Farming: The Case of Mountainous Dairy Farming

2020 ◽  
Vol 12 (7) ◽  
pp. 3039 ◽  
Author(s):  
Kyungsoo Nam ◽  
Heesun Lim ◽  
Byeong-il Ahn
Keyword(s):  
Willingness To Pay ◽  
Dairy Products ◽  
Consumer Preference ◽  
Dairy Farming ◽  
Economic Feasibility ◽  
Consumer Group ◽  
Sustainable Farming ◽  
Livestock Farming ◽  
Marginal Willingness To Pay ◽  
Production Pattern

As income is rising and urbanization progressing, the consumption of meat and dairy products is increasing, especially in developing countries. However, increasing livestock production leads to challenges that need to be addressed, such as yielding environmental pollution and causing climate change. Due to these circumstances, the importance of sustainable livestock farming has been highlighted in order to effectively utilize natural resources and to protect the environment. We analyzed consumers’ preference and willingness to pay for milk, one of the representative dairy products, which was produced in a sustainable way. Among the various attributes of milk, marginal willingness to pay for “performing sustainability” through mountainous farming was estimated to be the biggest. The willingness to pay was revealed to be higher for the consumer group with a high awareness of sustainable farming than the consumer group with low awareness. The empirical results in this study suggest that it is important to consider the economic feasibility of dairy farming by forming a consensus with consumers through publicity and changing the production pattern to promote sustainability.

A constructed wetland system for residential greywater reuse: economic feasibility of, and willingness to pay for

2017 ◽  
Vol 91 ◽  
pp. 336-348 ◽  
Author(s):  
Hugo Henrique de Simone Souza ◽  
Paula Loureiro Paulo ◽  
Marc Árpad Boncz
Keyword(s):  
Willingness To Pay ◽  
Constructed Wetland ◽  
Economic Feasibility ◽  
Wetland System ◽  
Reuse Economic ◽  
Greywater Reuse

scholarly journals The willingness to pay for dusky kob (Argyrosomus japonicus) restocking: using recreational linefishing licence fees to fund stock enhancement in South Africa

2009 ◽  
Vol 66 (5) ◽  
pp. 839-843 ◽  
Author(s):  
Ryan M. Palmer ◽  
Jen D. Snowball
Keyword(s):  
South Africa ◽  
Willingness To Pay ◽  
South African ◽  
Contingent Valuation Method ◽  
Stock Enhancement ◽  
Economic Feasibility ◽  
Recreational Fishing ◽  
Valuation Method ◽  
Set Up ◽  
The Cost

Abstract Palmer, R. M., and Snowball, J. D. 2009. The willingness to pay for dusky kob (Argyrosomus japonicus) restocking: using recreational linefishing licence fees to fund stock enhancement in South Africa. – ICES Journal of Marine Science, 66: 839–843. The economic feasibility of stock enhancement of Argyrosomus japonicus in South Africa was investigated using a willingness-to-pay (WTP) survey. The pilot study provides a unique example of the use of the contingent valuation method as a valuation tool for a proposed stock enhancement programme. An increase in the cost of a recreational fishing permit is used as a potential vehicle of payment. The median value of the maximum that fishers were willing to pay for a recreational fishing permit was R155 (South African Rand) for frequent fishers and R100 for non-frequent fishers. Analysis showed that a fee of more than R100 excluded up to 50% of anglers from the fishery, but that a fee of R100 excluded only 28% of recreational anglers and would generate an additional R12 million annually from the sale of recreational fishing permits. The estimated costs of set-up and running of a stock enhancement programme are substantially lower than this, suggesting that stock enhancement may be an economically feasible management option that deserves more investigation. The WTP method itself produces robust results and is likely to be an effective tool in the management of the marine environment.

The Welfare Implications of Rent Control: A Rent-Seeking Contest Approach

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Yang-Ming Chang ◽  
Shane D. Sanders
Keyword(s):  
Nash Equilibrium ◽  
Willingness To Pay ◽  
Social Cost ◽  
Rent Seeking ◽  
Control Model ◽  
Random Allocation ◽  
Rent Control ◽  
Welfare Implications ◽  
The Relationship ◽  
High Willingness

Abstract This paper uses a contest approach to characterize a probabilistic, non-price contest between potential consumers of rent-controlled apartments. The model extends upon the rent control model of Glaeser and Luttmer (2003) as well as the rent-seeking contributions of Hurley (1998), Dixit (1987), and Hirshleifer (1989) to consider the roles of chance and endogenously-chosen efforts in the allocation of rent-controlled apartments. Nash equilibrium effort levels for each consumer-type imply that the effort-inducing cost of rent control is greater than the misallocative cost. Further, misallocative costs are lower under the effort contest interpretation than under random allocation, as high willingness to pay consumers allocates more effort. The relationship between effort contest and misallocation influences the policy’s overall social cost.

scholarly journals (Not) Doing the Right Things for the Wrong Reasons: An Investigation of Consumer Attitudes, Perceptions, and Willingness to Pay for Bio-Based Plastics

2020 ◽  
Author(s):  
Maria V. Zwicker ◽  
Cameron Brick ◽  
Gert-Jan M. Gruter ◽  
Frenk van Harreveld
Keyword(s):  
Global Warming ◽  
Willingness To Pay ◽  
Co2 Emissions ◽  
Consumer Attitudes ◽  
Sustainable Technologies ◽  
Perceived Importance ◽  
Different Types ◽  
Willingness To Purchase ◽  
The Right ◽  
High Willingness

Fossil-based plastics are significant contributors to global warming through CO2 emissions. For more sustainable alternatives to be successful, it is important to ensure that consumers become aware of the benefits of innovations such as bio-based plastics, in order to create demand and a willingness to initially pay more. In four studies, we investigated participants’ attitudes towards fossil-based and bio-based plastic, their perceived importance of recycling both types of plastic, their willingness to pay, and their perceptions of bio-based plastic. The pre-registered fourth study experimentally manipulated information about bio-based plastic and measured willingness to pay for different types of plastic. The results suggest participants hold very favourable attitudes and are willing to pay more for bio-based products. However, they also harbour misconceptions, especially overestimating bio-based plastic’s biodegradability, and they find it less important to recycle bio-based than fossil-based plastic. Study 4 provided evidence that educating consumers about the properties of bio-based plastic can dispel misconceptions, retain a favourable attitude and a high willingness to pay. We found mixed evidence for the effect of attitudes on willingness to pay. We discuss how attitudes and misconceptions affect the uptake of new sustainable technologies such as bio-based plastics and consumers’ willingness to purchase them.

Law, Design, and Market Value: Lessons from the Cantilever Chair, 1929–1936

2017 ◽  
Vol 18 (3) ◽  
pp. 536-565
Author(s):  
TOBIAS VOGELGSANG
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Willingness To Pay ◽  
Intellectual Property Rights ◽  
Market Value ◽  
Museum Collections ◽  
Historical Sources ◽  
High Willingness

The cantilever chair is both a modern classic and a tradable commodity. Iconic designs, such as those by Marcel Breuer, are part of museum collections and are being produced for the contemporary furniture market. Moreover, there are countless other variations of the cantilever principle on the market. This article explains the emergence of the upmarket segment for iconic designs through historical sources. The focus is on the role of intellectual property rights and their interaction with management, branding, and pricing activities in the early 1930s. The article establishes that legal and perceived authenticity of cantilever designs were necessary but not sufficient to establish the upmarket segment. A substantial premium could only be charged once customers revealed that they had a high willingness to pay for authentic furniture that was chrome-plated.

scholarly journals (Not) Doing the Right Things for the Wrong Reasons: An Investigation of Consumer Attitudes, Perceptions, and Willingness to Pay for Bio-Based Plastics

2021 ◽  
Vol 13 (12) ◽  
pp. 6819
Author(s):  
Maria V. Zwicker ◽  
Cameron Brick ◽  
Gert-Jan M. Gruter ◽  
Frenk van Harreveld
Keyword(s):  
Willingness To Pay ◽  
New Technologies ◽  
Consumer Attitudes ◽  
Total N ◽  
Sustainable Technologies ◽  
Perceived Importance ◽  
Different Types ◽  
Willingness To Purchase ◽  
The Right ◽  
High Willingness

Fossil-based plastics are significant contributors to global warming through CO2 emissions. For more sustainable alternatives to be successful, it is important to ensure that consumers become aware of the benefits of innovations such as bio-based plastics, in order to create demand and a willingness to initially pay more. Given that consumer attitudes and (inaccurate) beliefs can influence the uptake of such new technologies, we investigated participants’ attitudes towards fossil-based and bio-based plastic, their perceived importance of recycling both types of plastic, their willingness to pay, and their perceptions of bio-based plastic in four studies (total N = 961). The pre-registered fourth study experimentally manipulated information about bio-based plastic and measured willingness to pay for different types of plastic. The results suggest participants hold very favourable attitudes and are willing to pay more for bio-based products. However, they also harbour misconceptions, especially overestimating bio-based plastic’s biodegradability, and they find it less important to recycle bio-based than fossil-based plastic. Study 4 provided evidence that educating consumers about the properties of bio-based plastic can dispel misconceptions and retain a favourable attitude and a high willingness to pay. We found mixed evidence for the effect of attitudes on willingness to pay, suggesting other psychological factors may also play a role. We discuss how attitudes and misconceptions affect the uptake of new sustainable technologies such as bio-based plastics and consumers’ willingness to purchase them.

scholarly journals Estimation of the Values of Wooden Materials in Urban Regeneration: The Case of Seoullo in Korea

2021 ◽  
Vol 13 (17) ◽  
pp. 9810
Author(s):  
Heesun Lim ◽  
Chang-Deuk Eom ◽  
Byeong-il Ahn
Keyword(s):  
Willingness To Pay ◽  
Rural Areas ◽  
Energy Efficient ◽  
Urban Regeneration ◽  
Economic Feasibility ◽  
Storage Effect ◽  
Wood Material ◽  
Marginal Willingness To Pay ◽  
The Government ◽  
Tax Payments

The importance of wooden buildings has been highlighted in recent years due to the energy-efficient and carbon storage effect of wood. This study investigates the willingness to pay for one-time tax payments of the citizens currently living in Seoul when Seoullo uses wood as a material for covering the surface of the facilities. The study examines the economic feasibility of Seoullo, which is a part of the government urban regeneration project that built a park on the desolate bridge in 2017. The result indicates that Seoul citizens who participated in the survey feel a greater preference for wood material rather than existing concrete used in Seoullo despite the tax burden. As a result, it is found that the respondents with children under the age of 8, respondents who are aware of the urban regeneration project, and respondents with respiratory disease have a lower marginal willingness to pay than those in the opposite groups. Moreover, the result shows that the respondents who consider farming or returning to rural areas, respondents in need of city improvement, respondents who chose wood as a preferred building material, and respondents with the experience of visiting Seoullo have a greater marginal willingness to pay for the wooden material than those in the opposite groups.

A Discriminatory Mechanism to Reduce Urban Congestion

2018 ◽  
Vol 19 (2) ◽  
pp. 190-208
Author(s):  
Michel Mougeot ◽  
Sonia Schwartz
Keyword(s):  
Willingness To Pay ◽  
Price Discrimination ◽  
Marginal Cost ◽  
Complete Information ◽  
Marginal Benefit ◽  
Optimal Mechanism ◽  
Public Acceptability ◽  
Distortionary Taxes ◽  
High Willingness ◽  
Second Degree

AbstractIn this article, we propose an optimal mechanism to reduce congestion when information is asymmetric. Each car driver receives a quantity of traffic rights such that his adjusted marginal benefit is equal to the marginal cost of congestion and payments are based on willingness to pay. We show that the level of congestion achieved is lower and each car user can receive more or fewer rights than under complete information. With symmetric beliefs, the payment rule results from a seconddegree price discrimination. When beliefs are asymmetric, it results simultaneously from a second-degree price discrimination and from a third-degree price discrimination and high willingness-to-pay car users are discriminated against. The revenue raised can be used to reduce distortionary taxes, thereby gaining public acceptability.

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