scholarly journals Trading across Borders in Online Auctions

2018 ◽  
Vol 10 (4) ◽  
pp. 27-66 ◽  
Author(s):  
Elena Krasnokutskaya ◽  
Christian Terwiesch ◽  
Lucia Tiererova
Keyword(s):  
Willingness To Pay ◽  
Online Auctions ◽  
Trade Policies ◽  
Trade In Services ◽  
Outside Option ◽  
Entry Model ◽  
Programming Support ◽  
Using Data

We invoke the insights from the auction literature to study trade in services using data from an online market for programming support. We find that the observed clustering of trade between countries can be rationalized through a model featuring endogenous sorting of sellers who are heterogeneous in both quality and costs across projects offered by buyers who differ in outside option and willingness to pay for quality. To accommodate the possibility of such an outcome we extend a single-auction entry model to a setting where sellers choose among multiple projects. This feature plays an important role in explaining the data and understanding the effects of various trade policies. (JEL D44, F14, L15, L86)

The effect of intrinsic and extrinsic quality on the willingness to pay for a convenient meal: A combination of home‐use‐test with online auctions

2021 ◽  
Author(s):  
Dolores Garrido ◽  
R. Karina Gallardo ◽  
Carolyn F. Ross ◽  
Maria Laura Montero ◽  
Juming Tang
Keyword(s):  
Willingness To Pay ◽  
Online Auctions

Water Quality Violations and Avoidance Behavior: Evidence from Bottled Water Consumption

2011 ◽  
Vol 101 (3) ◽  
pp. 448-453 ◽  
Author(s):  
Joshua Graff Zivin ◽  
Matthew Neidell ◽  
Wolfram Schlenker
Keyword(s):  
Water Quality ◽  
Drinking Water ◽  
Willingness To Pay ◽  
Water Consumption ◽  
Avoidance Behavior ◽  
Bottled Water ◽  
Poor Water Quality ◽  
Using Data ◽  
The Impact

We examine the impact of poor water quality on avoidance behavior by estimating the change in bottled water purchases in response to drinking water violations. Using data from a national grocery chain matched with water quality violations, we find an increase in bottled water sales of 22 percent from violations due to microorganisms and 17 percent from violations due to elements and chemicals. Back-of-the envelope calculations yield costs of avoidance behavior at roughly $60 million for all nationwide violations in 2005, which likely reflects a significant understatement of the total willingness to pay to eliminate violations.

scholarly journals The Effects of Consideration of Future and Immediate Consequences on Willingness to Pay for Eco-Friendly Plant Attributes

2014 ◽  
Vol 32 (2) ◽  
pp. 64-70
Author(s):  
Hayk Khachatryan ◽  
Chengyan Yue ◽  
Ben Campbell ◽  
Bridget Behe ◽  
Charlie Hall
Keyword(s):  
Willingness To Pay ◽  
Ornamental Plants ◽  
Production Method ◽  
Price Premium ◽  
Production Methods ◽  
Consideration Of Future Consequences ◽  
Plant Attributes ◽  
Using Data ◽  
Future Consequences ◽  
The U.S

We investigated how differences in the consideration of future consequences (CFC) influence consumers' willingness to pay for edible and ornamental plants using data from plant auction experiments conducted in the U.S. and Canada. Specifically, the study focused on individuals' preferences for plant attributes related to production method, container type, and product origin. Individuals assigning higher importance to future consequences of their current decisions were willing to pay a price premium for plants grown using sustainable (16.7 cents) and energy-saving (16.5 cents) production methods, non-conventional containers such as compostable (18.2 cents) and plantable (14.3 cents), and locally produced plants (15.3 cents), and they expected a discount (37.8 cents) to purchase imported plants (i.e., produced outside the U.S.). In contrast, individuals assigning higher importance to immediate outcomes of their decisions were not willing to pay a price premium for the above mentioned attributes, with the exception of water-saving and compostable ones. The results contribute to our understanding of the effects of temporal considerations on choice decision making by horticultural consumers, and provide horticultural marketers with an opportunity to effectively position products that provide long- or short-term benefits.

scholarly journals Price Determinants of Stock-Type Horses Sold at Public Online Auctions

2020 ◽  
Vol 52 (4) ◽  
pp. 596-612
Author(s):  
Michelle L. Kibler ◽  
Jada M. Thompson
Keyword(s):  
Online Auctions ◽  
Sale Price ◽  
Online Sales ◽  
Factors Influencing ◽  
Stock Type ◽  
Price Determinants ◽  
Using Data

AbstractThere is a shift in livestock auction sales in consolidation of live markets and movement toward virtual marketplaces. We examine buyer preferences for nonracing stock-type horses sold through virtual auctions to better understand how animals are sold and their valuation. A shift towards online sales of equine has impacted the number of potential buyers through increased exposure to sale horses. Using data collected from online auctions, we estimate factors influencing propensity to sell as well as price determinants in this market platform. We find many factors contribute to the likelihood of a horse selling and to the final sale price.

scholarly journals Why Are Women Penalized in Product Markets?

2019 ◽  
Vol 5 ◽  
pp. 237802311986102 ◽  
Author(s):  
Tamar Kricheli-Katz ◽  
Tali Regev ◽  
Shelley Correll
Keyword(s):  
Willingness To Pay ◽  
Survey Data ◽  
Gender Gap ◽  
Gender Stereotypes ◽  
Market Price ◽  
Product Markets ◽  
Using Data

Previous research using data from eBay found that women receive lower prices than men when selling the exact same products. The current project explores why this gender gap obtains and why some products have larger gender price gaps than others. To answer these questions, we exploit the variation in the gender price gap across products found in the earlier eBay data together with new survey data on the perceptions people have about seemingly male-typed and female-typed products and about people’s uncertainty about the prices of products. We show that women are penalized more for selling products that are perceived to be typically owned by men compared to products that are perceived to be typically owned by women. We further demonstrate that the effects of gender stereotypes are greater when buyers’ uncertainty increases: when buyers are uncertain about their willingness to pay for a product or about its market price, women sellers are penalized more.

scholarly journals Willingness to Pay and Competition in Online Auctions

2007 ◽  
Vol 44 (2) ◽  
pp. 324-333 ◽  
Author(s):  
Tat Y. Chan ◽  
Vrinda Kadiyali ◽  
Young-Hoon Park
Keyword(s):  
Willingness To Pay ◽  
Online Auctions

Travelers’ value of protective measures against bed bugs in hotels

2020 ◽  
pp. 135481662092321 ◽  
Author(s):  
Jerrod Penn ◽  
Wuyang Hu
Keyword(s):  
Willingness To Pay ◽  
National Survey ◽  
Hospitality Industry ◽  
Cost Effective ◽  
Economic Loss ◽  
Bed Bugs ◽  
Protective Measures ◽  
Business Travel ◽  
Using Data ◽  
Proactive Measures

Bed bugs pose a nontrivial threat to the hospitality industry. Hotels often engage in reactive practices to protect their business from further economic loss due to bed bugs although proactive measures, such as housekeeping inspection, professional inspections, and mattress encasements, may be more appealing to travelers and cost-effective. Using data collected from a national survey of US travelers, this study shows that travelers have the highest willingness to pay for mattress encasements and professional inspections. Although this premium varies considerably based on traveler characteristics and attitudes, and not all of them prefer to know about the practices, a large proportion of travelers have positive willingness to pay for these proactive practices. Overall, for leisure traveling, individuals who have business travel experiences for the previous year are willing to pay significantly higher than those who have never traveled for business in the previous year.

scholarly journals Influence of Socio-Psychological Factors on Consumer Willingness to Pay (WTP) for Organic Food Products

2018 ◽  
Vol 10 (5(J)) ◽  
pp. 208-219 ◽  
Author(s):  
Lloyd J.S. Baiyegunhi ◽  
Sikhumbuzo E. Mashabane ◽  
Nonjabulo C Sambo
Keyword(s):  
Willingness To Pay ◽  
Psychological Factors ◽  
Food Policy ◽  
Organic Food ◽  
Food Products ◽  
Policy Implications ◽  
Number Of Children ◽  
Using Data ◽  
Socio Demographic Factors ◽  
Vegetables And Fruits

This study evaluates consumers’ willingness to pay (WTP) a premium for organic vegetables and fruits in Pietermaritzburg metropolis, KwaZulu-Natal province, South Africa, using data collected from 210 consumers approached during their food shopping. The standard economic approach to valuation was extended by including psychological factors. The results from the empirical model show that psychological factors (behavioural control, attitude and subjective norms) exerted more influence on consumers’ WTP for organic products. In addition, socio-demographic factors such as gender, education, number of children in a household, high income and race, are statistically significant in explaining consumers’ WTP for organic food. Policy implications for advancement and improved promotion, sales and consumption of organic food products were discussed.  

Trade in Services

2018 ◽  
pp. 151-169
Author(s):  
Bernard Hoekman
Keyword(s):  
Economic Activity ◽  
Agricultural Sector ◽  
Substantial Reduction ◽  
Trade Policies ◽  
Trade In Services ◽  
Policy Reforms ◽  
Regional Trade ◽  
Related Services ◽  
Trade Growth ◽  
Processed Products

This chapter reviews some of the literature on trade in services, with an emphasis on recent analyses of services trade policies and their effects. African trade is heavily concentrated in agricultural and natural resource-based commodities; the agricultural sector continues to be a major source of employment and economic activity. Trade volumes have risen since the 1990s and exports of some industrial and processed products have been increasing, however, intra-regional trade remains well below potential and the challenge of diversification continues to prevail. There are encouraging prospects for accelerating trade growth as a result of policy reforms. A premise of this chapter is that a precondition for leveraging trade opportunities is a substantial reduction in trading and transaction costs for African firms beyond the current focus on actions to facilitate trade and focus more on improving the performance of a variety of services, including transport, logistics, and related services.

Sign in / Sign up

Export Citation Format

Share Document