Willingness-to-Pay for Food Safety: An Experimental Investigation of Quality Certification on Bidding Behaviour

Anne Rozan, Anne Stenger () and Marc Willinger
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Anne Rozan: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique
Anne Stenger: ENGREF - Ecole Nationale du Génie Rural, des Eaux et des Forêts, INRA - Institut National de la Recherche Agronomique

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Abstract: We study the impact of new information about food safety on subjects' willingness-to-pay for food products, in an experimental setting. We elicit prices using either a second price auction or the Becker-DeGroot-Marschak procedure. There are three stages of bidding. In stage 1, subjects bid for products without any information. In stage 2, public information about health impact is provided. In stage 3, new certified products become available, and subjects bid then for non-certified and certified products. The introduction of certified products induces an asymmetric updating of initial bids, bids for non-certified products are lowered, but bids for certified products remain equal to the initial bids

Keywords: Experimental economics; Willingness-to-pay; BDM; Second price auction; Food safety (search for similar items in EconPapers)
Date: 2004
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Published in European Review of Agricultural Economics, 2004, 31 (4), pp.409-425. ⟨10.1093/erae/31.4.409⟩

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Working Paper: Willingness-to-pay for food safety: An experimental investigation of quality certification on bidding behaviour (2004)
Working Paper: Willingness-to-pay for food safety: an experimental investigation of quality certification on bidding behavior (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00278981

DOI: 10.1093/erae/31.4.409

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