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文章基本信息

  • 标题:On the Use of Valuation Mechanisms to Measure Consumers' Willingness to Pay for Novel Products: A Comparison of Hypothetical and Non-Hypothetical Values
  • 本地全文:下载
  • 作者:Silva, Andres ; Nayga, Rodolfo M., Jr. ; Campbell, Benjamin L.
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2007
  • 期号:SUPPL
  • 页码:165-180
  • 出版社:Food Distribution Research Society
  • 摘要:Willingness to pay (WTP) estimates for novel products are needed to assess consumers' valuation of these products as well as for product adoption and optimal pricing strategies. Using experiments in a retail setting, we compare hypothetical and non-hypothetical WTP values between a Becker-DeGroot-Marshak (BDM) auction mechanism and conjoint analysis. Our results suggest that the auction WTP values are higher than conjoint analysis WTP values. Moreover, the hypothetical WTP values are higher than the non-hypothetical WTP values in both elicitation mechanisms.
  • 关键词:Conjoint analysis;willingness-to-pay;auction;hypothetical;non-hypothetical
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