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Purchase Intention Effects in Experimental Auctions and Real Choice Experiments

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  • Xie, Jing
  • Gao, Zhifeng
  • House, Lisa

Abstract

This article examines consumers’ preference for three types of orange juice in China. Two non-hypothetical experiments, Real Choice Experiments and Experimental Auctions were used in the study. We found that WTP estimates from real choice experiment are significantly higher than auction bids, which is consistent with what Lusk and Schroeder (2006) and Gracia, Loureiro, and Nayga (2011) found in their paper. In addition, we found that purchase intention only has significantly effects on consumers’ behavior in Experimental Auction, but not in Real Choice Experiments, and this purchase intention only has effects on non-novel food, but not novel food.

Suggested Citation

  • Xie, Jing & Gao, Zhifeng & House, Lisa, 2013. "Purchase Intention Effects in Experimental Auctions and Real Choice Experiments," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151595, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea13:151595
    DOI: 10.22004/ag.econ.151595
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    References listed on IDEAS

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    1. Irwin, Julie R, et al, 1998. "Payoff Dominance vs. Cognitive Transparency in Decision Making," Economic Inquiry, Western Economic Association International, vol. 36(2), pages 272-285, April.
    2. Cameron, Trudy Ann & Poe, Gregory L. & Ethier, Robert G. & Schulze, William D., 2002. "Alternative Non-market Value-Elicitation Methods: Are the Underlying Preferences the Same?," Journal of Environmental Economics and Management, Elsevier, vol. 44(3), pages 391-425, November.
    3. Nick Hanley & Robert Wright & Vic Adamowicz, 1998. "Using Choice Experiments to Value the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 413-428, April.
    4. Azucena Gracia & Maria L. Loureiro & Rodolfo M. Nayga, 2011. "Are Valuations from Nonhypothetical Choice Experiments Different from Those of Experimental Auctions?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(5), pages 1358-1373.
    5. Jae Bong Chang & Jayson L. Lusk & F. Bailey Norwood, 2007. "How Closely Do Hypothetical Surveys and Laboratory Experiments Predict Field Behavior?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(2), pages 518-534.
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    Cited by:

    1. Su, Lianfan & Adam, Brian D. & Lusk, Jayson L. & Arthur, Frank, 2017. "Anchoring, Information, and Fragility of Choice Experiments: An Application to Consumer Willingness to Pay for Rice with Improved Storage Management," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(2), May.

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    Keywords

    Agribusiness; Food Consumption/Nutrition/Food Safety; Marketing;
    All these keywords.

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