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Journal article
Convergent validity of stated preference methods to estimate willingness-to-pay for seafood traceability: The case of Gulf of Mexico oysters
Economics bulletin, Vol.38(1), pp.326-335
01/01/2018
Web of Science ID: WOS:000430364800031
Abstract
In this study we compare willingness to pay for a seafood traceability system from contingent behavior demand and contingent valuation referendum vote models using data from a survey of Gulf of Mexico oyster consumers following the BP oil spill in 2010. We estimate a random effects model of oyster demand using contingent behavior data and find that a traceability program increases demand and consumer surplus. We estimate a referendum model for the seafood traceability program using contingent valuation data. We find that welfare estimates from the contingent behavior and contingent valuation methods are convergent valid under certain conditions.
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Details
- Title
- Convergent validity of stated preference methods to estimate willingness-to-pay for seafood traceability: The case of Gulf of Mexico oysters
- Publication Details
- Economics bulletin, Vol.38(1), pp.326-335
- Resource Type
- Journal article
- Publisher
- Economics Bulletin
- Grant note
- Funding for the data collection was provided by the Gulf Oyster Industry Program Grant No. R/LRQ32.
- Identifiers
- WOS:000430364800031; 99380171958206600
- Academic Unit
- Commerce; Lewis Bear Jr. College of Business
- Language
- English