1. The impact of information on environmental commodity valuation decisions
- Collection:
- Agricultural Communications Documentation Center (ACDC)
- Contributers:
- Bergstrom, John C. (author), Randall, Alan (author), Stoll, John R. (author), and Bergstrom: Department of Agricultural Economics, University of Georgia; Stoll: Department of Agricultural Economics, Texas A&M University; Randall: Department of Agricultural Economics and Rural Sociology, The Ohio State University
- Format:
- Journal article
- Publication Date:
- 1990-08
- Published:
- USA: Ames, IA : American Agricultural Economics Association.
- Location:
- Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 92 Document Number: C06814
- Journal Title:
- American Journal of Agricultural Economics
- Journal Title Details:
- 72 (3) : 614-621
- Notes:
- AGRICOLA IND 90050733, A conceptual model is developed which provides insight into how information affects willingness to pay for environmental commodities. A refutable hypothesis of the effects of a specific information type on the magnitude of willingness to pay for an environmental commodity is developed. This hypothesis is tested using a contingent valuation method experiment. Results indicate that information affects willingness to pay in a theoretically plausible manner. The results support the contention that information is important for accurate environmental commodity consumer valuations.