A Rose by Another Name: An Objective Analysis of an Established Market for Credence Attributes

A second-price Vickrey-style auction is used to determine the willingness to pay (WTP) for credence attributes found in "cause" coffees. WTP estimates were then compared with actual market price information. The results indicate positive average bids for the cause coffees. However, premiums were found for fair-trade and shade-grown coffee in the actual price data and discounts for organic and sustainable coffee.


Subject(s):
Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/19493
Total Pages:
34
Series Statement:
Selected Paper 133103




 Record created 2017-04-01, last modified 2017-08-24

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