IDEAS home Printed from https://ideas.repec.org/p/ags/aaea24/343870.html

Are experts overoptimistic about the success of food market labeling information?

Author

Listed:
  • Melo, Grace
  • Palma, Marco A.
  • Ribera, Luis A.

Abstract

No abstract is available for this item.

Suggested Citation

  • Melo, Grace & Palma, Marco A. & Ribera, Luis A., 2024. "Are experts overoptimistic about the success of food market labeling information?," 2024 Annual Meeting, July 28-30, New Orleans, LA 343870, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea24:343870
    DOI: 10.22004/ag.econ.343870
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/343870/files/28851.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.343870?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Martin, Daniel & Muñoz-Rodriguez, Edwin, 2022. "Cognitive costs and misperceived incentives: Evidence from the BDM mechanism," European Economic Review, Elsevier, vol. 148(C).
    2. Drichoutis, Andreas C. & Nayga, Rodolfo M., 2022. "Game form recognition in preference elicitation, cognitive abilities, and cognitive load," Journal of Economic Behavior & Organization, Elsevier, vol. 193(C), pages 49-65.
    3. Gary Charness & Ryan Oprea & Sevgi Yuksel, 2021. "How do People Choose Between Biased Information Sources? Evidence from a Laboratory Experiment," Journal of the European Economic Association, European Economic Association, vol. 19(3), pages 1656-1691.
    4. Goldman, Matt & Kaplan, David M., 2018. "Comparing distributions by multiple testing across quantiles or CDF values," Journal of Econometrics, Elsevier, vol. 206(1), pages 143-166.
    5. Andrew Caplin & Mark Dean, 2015. "Revealed Preference, Rational Inattention, and Costly Information Acquisition," American Economic Review, American Economic Association, vol. 105(7), pages 2183-2203, July.
    6. Horowitz, John K., 2006. "The Becker-DeGroot-Marschak mechanism is not necessarily incentive compatible, even for non-random goods," Economics Letters, Elsevier, vol. 93(1), pages 6-11, October.
    7. Goldman, Matt & Kaplan, David M., 2018. "Comparing distributions by multiple testing across quantiles or CDF values," Journal of Econometrics, Elsevier, vol. 206(1), pages 143-166.
    8. Trenton G. Smith, 2004. "The McDonald’s Equilibrium. Advertising, empty calories, and the endogenous determination of dietary preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 23(3), pages 383-413, December.
    9. Aharoni, Yair & Tihanyi, Laszlo & Connelly, Brian L., 2011. "Managerial decision-making in international business: A forty-five-year retrospective," Journal of World Business, Elsevier, vol. 46(2), pages 135-142, April.
    10. List John A., 2007. "Field Experiments: A Bridge between Lab and Naturally Occurring Data," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(2), pages 1-47, April.
    11. Proeger, Till & Meub, Lukas, 2014. "Overconfidence as a social bias: Experimental evidence," Economics Letters, Elsevier, vol. 122(2), pages 203-207.
    12. Park, C Whan & Lessig, V Parker, 1981. "Familiarity and Its Impact on Consumer Decision Biases and Heuristics," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 8(2), pages 223-230, September.
    13. Tali Sharot & Cass R. Sunstein, 2020. "How people decide what they want to know," Nature Human Behaviour, Nature, vol. 4(1), pages 14-19, January.
    14. 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.
    15. Lemos, Scott & Halstead, John M. & Huang, Ju-Chin, 2022. "The effects of information about price anchoring: Evidence from a choice experiment," Agricultural and Resource Economics Review, Cambridge University Press, vol. 51(2), pages 240-265, August.
    16. Cristiano Codagnone & Giuseppe Alessandro Veltri & Francesco Bogliacino & Francisco Lupiáñez-Villanueva & George Gaskell & Andriy Ivchenko & Pietro Ortoleva & Francesco Mureddu, 2016. "Labels as nudges? An experimental study of car eco-labels," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(3), pages 403-432, December.
    17. Daniele Asioli & Adriana Mignani & Frode Alfnes, 2021. "Quick and easy? Respondent evaluations of the Becker–DeGroot–Marschak and multiple price list valuation mechanisms," Agribusiness, John Wiley & Sons, Ltd., vol. 37(2), pages 215-234, April.
    18. Timothy N. Cason & Charles R. Plott, 2014. "Misconceptions and Game Form Recognition: Challenges to Theories of Revealed Preference and Framing," Journal of Political Economy, University of Chicago Press, vol. 122(6), pages 1235-1270.
    19. Jungsil Choi & Yexin Jessica Li & Adriana Samper & Vicki G MorwitzEditor & Margaret C CampbellEditor & Lisa E BoltonAssociate Editor, 2019. "The Influence of Health Motivation and Calorie Ending on Preferences for Indulgent Foods," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 46(3), pages 606-619.
    20. Park, Timothy A. & Florkowski, Wojciech J., 2003. "Selection of Peach Varieties and the Role of Quality Attributes," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(01), pages 1-14, April.
    21. Drichoutis, Andreas C. & Lazaridis, Panagiotis & Nayga Jr., Rodolfo M., 2008. "The role of reference prices in experimental auctions," Economics Letters, Elsevier, vol. 99(3), pages 446-448, June.
    22. Hanming Fang & King King Li & Peiyao Shen, 2023. "To Go Electric or To Burn Coal? A Randomized Field Experiment of Informational Nudges," NBER Working Papers 31841, National Bureau of Economic Research, Inc.
    23. Quinn McNemar, 1947. "Note on the sampling error of the difference between correlated proportions or percentages," Psychometrika, Springer;The Psychometric Society, vol. 12(2), pages 153-157, June.
    24. Charles R. Plott & Kathryn Zeiler, 2005. "The Willingness to Pay–Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations," American Economic Review, American Economic Association, vol. 95(3), pages 530-545, June.
    25. Clifford Winston, 2008. "The Efficacy of Information Policy: A Review of Archon Fung, Mary Graham, and David Weil's Full Disclosure: The Perils and Promise of Transparency," Journal of Economic Literature, American Economic Association, vol. 46(3), pages 704-717, September.
    26. Amelia Ahles & Marco A. Palma & Andreas C. Drichoutis, 2024. "Testing the effectiveness of lottery incentives in online experiments," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(4), pages 1435-1453, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ags:aaea22:343870 is not listed on IDEAS
    2. Melo, Grace & Palma, Marco & Chomali, Laura & Ribera, Luis, 2025. "Are experts overoptimistic about the success of market labeling information?," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 360812, Agricultural and Applied Economics Association.
    3. A. Banerji & Jeevant Rampal, 2020. "Reverse Endowment Effect for a New Product," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 786-805, May.
    4. Bogaçhan Çelen & Sen Geng & Huihui Li, 2018. "Belief Error and Non-Bayesian Social Learning: An Experimental Evidence," GRU Working Paper Series GRU_2018_022, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    5. Parkhurst, Gregory M. & Nowell, Clifford, 2014. "The Role of Confidence in Truthful Revelation of Private Values," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 43(2), pages 1-16, August.
    6. Maurizio Canavari & Andreas C. Drichoutis & Jayson L. Lusk & Rodolfo M. Nayga, Jr., 2018. "How to run an experimental auction: A review of recent advances," Working Papers 2018-5, Agricultural University of Athens, Department Of Agricultural Economics.
    7. Bull, Charles & Courty, Pascal & Doyon, Maurice & Rondeau, Daniel, 2019. "Failure of the Becker–DeGroot–Marschak mechanism in inexperienced subjects: New tests of the game form misconception hypothesis," Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 235-253.
    8. David de Meza & Diane Reyniers, 2013. "Debiasing the Becker – DeGroot – Marschak valuation mechanism," Economics Bulletin, AccessEcon, vol. 33(2), pages 1446-1456.
    9. James Berry & Greg Fischer & Raymond Guiteras, 2020. "Eliciting and Utilizing Willingness to Pay: Evidence from Field Trials in Northern Ghana," Journal of Political Economy, University of Chicago Press, vol. 128(4), pages 1436-1473.
    10. Wossen, Tesfamicheal & Spielman, David J. & Alene, Arega D. & Abdoulaye, Tahirou, 2024. "Estimating seed demand in the presence of market frictions: Evidence from an auction experiment in Nigeria," Journal of Development Economics, Elsevier, vol. 167(C).
    11. Sebastian Lehmann, 2014. "Toward an Understanding of the BDM: Predictive Validity, Gambling Effects, and Risk Attitude," FEMM Working Papers 150001, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    12. Chloe S. McCallum & Simone Cerroni & Daniel Derbyshire & W. George Hutchinson & Rodolfo M. Nayga, 2025. "Bidding behaviour in experimental auctions under risk and uncertainty," Theory and Decision, Springer, vol. 98(3), pages 323-349, May.
    13. Pengfei Liu & Xiaohui Tian, 2021. "Downward Hypothetical Bias in the Willingness to Accept Measure for Private Goods: Evidence from a Field Experiment," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(5), pages 1679-1699, October.
    14. Victor Gay, 2023. "Culture: An Empirical Investigation of Beliefs, Work, and Fertility. A Verification and Reproduction of Fernández and Fogli (2009)," Post-Print hal-04194417, HAL.
    15. Wei Zhao & David M. Kaplan, 2024. "Conditions for extrapolating differences in consumption to differences in welfare," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 1090-1104, July.
    16. Ignacio Esponda & Emanuel Vespa & Sevgi Yuksel, 2024. "Mental Models and Learning: The Case of Base-Rate Neglect," American Economic Review, American Economic Association, vol. 114(3), pages 752-782, March.
    17. Chavez, Daniel & Palma, Marco, 2015. "Off the reservation: Pushing the bounds of rationality in experimental auctions," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 202164, Agricultural and Applied Economics Association.
    18. Randolph Sloof & Ferdinand A. Siemens, 2017. "Illusion of control and the pursuit of authority," Experimental Economics, Springer;Economic Science Association, vol. 20(3), pages 556-573, September.
    19. James C. Cox & Vjollca Sadiraj, 2018. "Incentives," Experimental Economics Center Working Paper Series 2018-01, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
    20. Samuel E. Bodily & Phillip E. Pfeifer, 2010. "Darden's Luckiest Student: Lessons from a High-Stakes Risk Experiment," Decision Analysis, INFORMS, vol. 7(4), pages 331-345, December.
    21. Omar Al-Ubaydli & John List, 2016. "Field Experiments in Markets," Artefactual Field Experiments j0002, The Field Experiments Website.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea24:343870. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.