Are decisions in a real choice experiment consistent with reservation prices elicited with BDM 'auction'? The case of French baguettes

被引:11
作者
Ginon, E. [1 ]
Chabanet, C. [1 ]
Combris, P. [2 ]
Issanchou, S. [1 ]
机构
[1] Univ Bourgogne, Ctr Sci Gout & Alimentat, CNRS, UMR6265,UMR1324,INRA,AgroSup Dijon, F-21065 Dijon, France
[2] INRA, ALISS UR1303, F-94205 Ivry, France
关键词
Real choice experiment; Willingness to pay; Consistency; Surplus maximization; Price minimization; Preference maximization; Bread; WILLINGNESS-TO-PAY; FOOD; INFORMATION; ATTITUDES; CONSUMERS; QUALITY; BEEF;
D O I
10.1016/j.foodqual.2011.08.007
中图分类号
TS2 [食品工业];
学科分类号
0832 ;
摘要
The aim of this study was to compare consumer choices observed in a real choice experiment and their reservation prices elicited with the BDM mechanism in order to assess the rationality of participant behaviors. One hundred and seventy-seven participants tested four French baguettes in each task. For the real choice experiment, participants were faced with 17 scenarios (17 x 4 baguette-price combinations). In each method, participants could select a "no purchase" option. Comparing choices and reservation prices made it possible to assess the rationality of participant behaviors. From a strict economic standpoint, 50% of observed choices were fully rational. When one baguette was actually chosen, the main choice strategy was preference maximization (42.2%), followed by price minimization (26.2%), and then by the combination of both (10.5%); the remaining choices (21.1%), for which no clear strategy could be found, were considered puzzling. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码:173 / 180
页数:8
相关论文
共 31 条
[31]   COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS [J].
VICKREY, W .
JOURNAL OF FINANCE, 1961, 16 (01) :8-37