摘要: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.
关键词:Willingness to pay;incentive compatible;Becker-DeGroot-Marschak auction procedure;non-GM food;country of origin;canola oil