Recommended Citation
Presented at the 2003 American Agricultural Economics Association Annual Meeting: Montreal, Canada, July 27, 2003.
Abstract
Two definitions of willingness-to-pay derived from a Vickrey auction with multi-product and multiple rounds with different information sets are examined. These definitions are examined in the context of valuing pork products with embedded environmental attributes and we show how information can have adverse effects on a base product of comparison.
Disciplines
Agribusiness | Agricultural and Resource Economics | Business
Copyright
2003 by Sean P. Hurley and James B. Kliebenstein
Number of Pages
26
Publisher statement
All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies
URL: https://digitalcommons.calpoly.edu/agb_fac/61