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Multiple equilibria with a multiple price list

Author

Listed:
  • Stephan Marette

    (ECO-PUB - Economie Publique - INRA - Institut National de la Recherche Agronomique - AgroParisTech)

  • Sandrine Blanchemanche

    (MET@RISK - Méthodologies d'Analyse de Risque Alimentaire - INRA - Institut National de la Recherche Agronomique)

  • Jutta Roosen

    (MET@RISK - Méthodologies d'Analyse de Risque Alimentaire - INRA - Institut National de la Recherche Agronomique)

Abstract

A multiple price list is useful for eliciting a Willingness-to-Pay (WTP) and a possible Lower Limit (LL) under which the demand is zero. This multiple price list implies an aggregate demand determined by the number of participants whose WTP is greater than the market price and whose LL is below this market price. From a survey focusing on meat demand, we show that this aggregate demand leads to multiple price equilibria.

Suggested Citation

  • Stephan Marette & Sandrine Blanchemanche & Jutta Roosen, 2013. "Multiple equilibria with a multiple price list," Post-Print hal-01019040, HAL.
    • Handle: RePEc:hal:journl:hal-01019040
    DOI: 10.1080/13504851.2012.748174
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    Cited by:

    1. Stéphan Marette & Françoise Guéraud & Fabrice H.F. Pierre, 2021. "Regulation and Consumer Interest in an Antioxidant-Enriched Ham Associated with Reduced Colorectal Cancer Risks [Réglementation et intérêt des consommateurs pour un jambon enrichi en antioxydants a," Post-Print hal-03219714, HAL.
    2. Anne Saint-Eve & Françoise Irlinger & Caroline Pénicaud & Isabelle Souchon & Stéphan Marette, 2021. "Consumer preferences for new fermented food products that mix animal and plant protein sources [Les préférences des consommateurs pour de nouveaux produits alimentaires fermentés qui mélangent des ," Post-Print hal-03908155, HAL.
    3. Castellari Elena & Moro Daniele & Sckokai Paolo & Marette Stéphan, 2019. "The Impact of Information on Willingness to Pay and Quantity Choices for Meat and Meat Substitute," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 17(1), pages 1-16, May.

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