Title
A Rose By Another Name: An Objective Analysis Of An Established Market For Credence Attributes
Document Type
Article
Journal/Book Title/Conference
Economics Research Institute Study Paper
Volume
6
Publisher
Utah State University Department of Economics
Publication Date
2005
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.
http://digitalcommons.usu.edu/eri/303