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Auctions 101: Lessons from a Decade in the Lab. What Am I Bid for ...Safer Food?

Author

Listed:
  • Shogren, Jason F.
  • Hayes, Dermot J.
  • Fox, John A.
  • Cherry, Todd L.

Abstract

Laboratory auctions show that consumers may be willing to pay more for pathogen-free food products treated with technologies such as irradiation, but the degree to which they are willing to pay may depend on the messages - pro and con - they hear and read.

Suggested Citation

  • Shogren, Jason F. & Hayes, Dermot J. & Fox, John A. & Cherry, Todd L., 2002. "Auctions 101: Lessons from a Decade in the Lab. What Am I Bid for ...Safer Food?," Staff General Research Papers Archive 10106, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:10106
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    References listed on IDEAS

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    1. Bullock, D. S. & Desquilbet, M., 2002. "The economics of non-GMO segregation and identity preservation," Food Policy, Elsevier, vol. 27(1), pages 81-99, February.
    2. José Benjamin Falck-Zepeda & Greg Traxler & Robert G. Nelson, 2000. "Surplus Distribution from the Introduction of a Biotechnology Innovation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(2), pages 360-369.
    3. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, pages 297-308.
    4. Marion Desquilbet & David S. Bullock, 2003. "Who Pays the Costs of Non-GMO Segregation and Identity Preservation?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, pages 656-672.
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