Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
6
Publisher
Utah State University Department of Economics
Publication Date
2005
Rights
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at digitalcommons@usu.edu.
First Page
1
Last Page
36
Abstract
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.
Recommended Citation
Galloway, Kristin and Bailey, DeeVon, "A Rose By Another Name: An Objective Analysis Of An Established Market For Credence Attributes" (2005). Economic Research Institute Study Papers. Paper 303.
https://digitalcommons.usu.edu/eri/303