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Are Country of Origin and Non-GM Premiums Invariant to Experimental Auction Structure?

Author

Listed:
  • Volinskiy, Dmitriy
  • Adamowicz, Wiktor L.
  • Veeman, Michele M.
  • Srivastava, Lorie

Abstract

A revealed preference auction experiment is used to elicit values for two attributes, one relating to genetic modification and the other to country of origin of the food product, canola oil. A premium for a non-GM canola oil is found to approximate CA$0.4 to $0.6 per litre. Auction format effects are found and hypotheses as to why these may occur are suggested.

Suggested Citation

  • Volinskiy, Dmitriy & Adamowicz, Wiktor L. & Veeman, Michele M. & Srivastava, Lorie, 2007. "Are Country of Origin and Non-GM Premiums Invariant to Experimental Auction Structure?," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10378, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare07:10378
    DOI: 10.22004/ag.econ.10378
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    Keywords

    Demand and Price Analysis;

    Statistics

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