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1. An alternative approach to measuring the welfare implications of input subsidies: Evidence from Malawi

Author:
Sinafikeh Asrat Gemessa
Source:
Journal of agricultural economics 2022 v.73 no.1 pp. 112-138
ISSN:
0021-857X
Subject:
agricultural productivity; consumer surplus; cost benefit analysis; credit; farms; prices; Malawi
Abstract:
... Most studies that have evaluated the welfare impacts of agricultural input subsidy programmes (ISPs) in developing countries have focused on measuring their effects on various outcomes of interest such as agricultural productivity. I estimate the consumer surplus accrued by direct and indirect beneficiaries of ISPs in Malawi. Malawi's Farm Input Subsidy Programme (FISP), introduced in 2005, is the ...
DOI:
10.1111/1477-9552.12436

2. How do carbon cap-and-trade mechanisms and renewable portfolio standards affect renewable energy investment?

Author:
Yue Yan; Mei Sun; Zhilong Guo
Source:
Energy policy 2022 v.165 pp. 112938
ISSN:
0301-4215
Subject:
alternative energy industry; carbon; consumer surplus; electricity; energy; energy policy; environmental markets; models; renewable energy sources; social welfare; China
Abstract:
... In order to promote the low-carbon transformation, Chinese government plans to implement two policies in the power industry: carbon cap-and-trade mechanisms and renewable portfolio standards. However, whether their synergy can drive the development of Chinese renewable energy industry has become a key issue. Based on China’s renewable energy industry, this paper established an optimization model w ...
DOI:
10.1016/j.enpol.2022.112938

3. Inattention, availability bias, and attribute premium estimation for a biobased product

Author:
Haotian Cheng; Dayton M. Lambert; Karen L. DeLong; Kimberly L. Jensen
Source:
Agricultural economics 2022 v.53 no.2 pp. 274-288
ISSN:
0169-5150
Subject:
agricultural economics; biocompatible materials; biomass; consumer surplus; forestry; petroleum; wheat straw; willingness to pay
Abstract:
... Biobased productsare non‐food goods derived from agricultural and forestry materials. Products made from biomaterials could substitute for petroleum‐based inputs used to make everyday household goods. This studyestimates consumer willingness to pay (WTP) for the attributes of single‐use eating‐ware (SUEW) plates made from biobased materials. Attributes considered are product material, degradabilit ...
DOI:
10.1111/agec.12679

4. Manufacturers’ product line strategies and environmental impacts under carbon cap and trade policies

Author:
Hua Wang; Lan Wang; Qiyan Ding
Source:
Environmental science and pollution research 2022 v.29 no.27 pp. 40781-40795
ISSN:
0944-1344
Subject:
carbon; consumer surplus; environmental impact; pollution; research; social welfare
Abstract:
... This paper explores the impact of carbon cap-and-trade policies and consumer low-carbon preferences on the choice of manufacturers’ product lines. We further investigate the optimal decisions of manufacturers under different product line strategies. Moreover, we analyze consumer surplus, environmental impact, and social welfare under different product line strategies. The results show that produci ...
DOI:
10.1007/s11356-021-17909-1

5. Personalized pricing with a price sensitive demand

Author:
Rosa-Branca Esteves; Jie Shuai
Source:
Economics letters 2022 v.213 pp. 110396
ISSN:
0165-1765
Subject:
consumer demand; consumer surplus; demand elasticities; industry; models; prices
Abstract:
... This paper assesses the profit and welfare effects of firms’ ability to charge personalized prices in markets where consumer demand is sensitive to price changes. In a mill pricing model, regardless of demand elasticity, personalized pricing (PP) raises consumer surplus at the expense of profits. In contrast, in a delivered pricing model, if demand is sufficiently elastic, PP boosts profits at the ...
DOI:
10.1016/j.econlet.2022.110396

6. Taxing the heat out of the U.S. food system

Author:
Giulia Tiboldo; Rebecca Boehm; Farhed Shah; Daniele Moro; Elena Castellari
Source:
Food policy 2022 v.110 pp. 102266
ISSN:
0306-9192
Subject:
Almost Ideal Demand System; USDA; carbon; carbon markets; climate; consumer surplus; food policy; greenhouse gases; health promotion; heat; income; life cycle assessment; social welfare; surveys; taxes
Abstract:
... This article examines the effectiveness and consequences of using carbon taxes on food purchases to contribute to achieving the U.S. greenhouse gas emissions (GHGEs) reduction target for 2025. Using U.S. Department of Agriculture National Household Food Acquisition and Purchase Survey data and the elasticities derived from the Quadratic Almost Ideal Demand System model, we simulate multiple uncomp ...
DOI:
10.1016/j.foodpol.2022.102266

7. Assessing tourists’ preferences for conservation of large carnivores in the Italian Alps using a discrete choice experiment

Author:
Sandra Notaro; Gianluca Grilli
Source:
Journal of environmental planning and management 2022 v.65 no.7 pp. 1261-1280
ISSN:
1360-0559
Subject:
consumer surplus; extinction; wildlife management; wolves
Abstract:
... A study on tourists’ preferences for wildlife conservation in the Italian Alps using a choice experiment is presented. The study focuses on wolves, lynx and salamanders, which are in danger of extinction. Welfare analysis suggests that WTP for varying sizes of animal population increases up to 45–55 animals and then decreases. This indicates that tourists are willing to financially contribute to a ...
DOI:
10.1080/09640568.2021.1924124

8. Assessment of Recreational and Cultural Ecosystem Services Value of Islands

Author:
Na Zhao; Hui Wang; Jingqiu Zhong; Dongqi Sun
Source:
Land 2022 v.11 no.2 pp. -
ISSN:
2073-445X
Subject:
aesthetics; consumer surplus; ecosystem services; ecosystems; land; questionnaires; social welfare; surveys; tourism; travel
Abstract:
... With the gradual expansion of benefits provided by islands to human wellbeing, it has become increasingly important to quantify the cultural ecosystem service functions of islands. In this study, the zone travel cost method (ZTCM) and individual travel cost method (ITCM) are used to assess the recreational and cultural ecosystem services value of the island region of Changhai County, China, and th ...
DOI:
10.3390/land11020205

9. Consumer Welfare of Country-of-Origin Labelling and Traceability Policies

Author:
Joel Bruneau; Albert I. Ugochukwu
Source:
Agronomy 2021 v.11 no.5 pp. -
ISSN:
2073-4395
Subject:
agronomy; consumer surplus; free trade; international trade; markets; theoretical models; traceability
Abstract:
... Traceability regulations are a way to protect consumers by forcing firms to identify and track products step-by-step through all stages of production, processing, and distribution. Traceability is often used in conjunction with country-of-origin labelling where products explicitly identify where production takes place. However, such country-of-origin regulations can conflict with WTO provisions. T ...
DOI:
10.3390/agronomy11050916

10. Electricity storage and market power

Author:
Olayinka Williams; Richard Green
Source:
Energy policy 2022 v.164 pp. 112872
ISSN:
0301-4215
Subject:
consumer surplus; electricity; energy policy; market power; market prices; markets; ownership; wholesale marketing
Abstract:
... Electricity storage is likely to be an important factor in balancing fluctuations in renewable generators' output, but concentrated ownership could lead to market power. We model this for short-term (daily) storage in the British electricity wholesale market, with generating companies acting as either price-takers or Cournot competitors. We discuss how competitive storage charging and discharging ...
DOI:
10.1016/j.enpol.2022.112872

11. Impact of government subsidy on the remanufacturing industry

Author:
Haike Qiao; Qin Su
Source:
Waste management 2021 v.120 pp. 433-447
ISSN:
0956-053X
Subject:
consumer surplus; equipment; issues and policy; markets; models; pollution; raw materials; waste management; willingness to pay
Abstract:
... In order to decrease environment pollution and the usage of raw material, some governments use subsidy policy to encourage the Original Equipment Manufacturer (OEM) and the Independent Remanufacturer (IR) to remanufacture. While, how government subsidy affects remanufacturing activity and industry competition is still unclear. In our research, there are an OEM and an IR in the market. And the OEM ...
DOI:
10.1016/j.wasman.2020.10.005

12. Optimal Eco‐Label Standards in an Oligopolistic Setting

Author:
Valeria Forlin
Source:
American journal of agricultural economics 2021 v.103 no.2 pp. 682-701
ISSN:
0002-9092
Subject:
agricultural economics; consumer surplus; ecolabeling; environmental quality; industry; models; nongovernmental organizations; oligopoly
Abstract:
... The last couple of decades have seen the emergence of several labels, many of which certify a higher environmental quality to appeal to customers with environmentally friendly tastes. Existing eco‐labels present different standards and different levels of uptake. Often, there is a trade off between these two dimensions: the eco‐label sponsor anticipates that if a standard is too stringent, fewer p ...
DOI:
10.1111/ajae.12140

13. Random Utility Models, Wine and Experts

Author:
Sofia B. Villas‐Boas; Céline Bonnet; James Hilger
Source:
American journal of agricultural economics 2021 v.103 no.2 pp. 663-681
ISSN:
0002-9092
Subject:
agricultural economics; consumer surplus; data collection; expert opinion; field experimentation; market power; markets; models; prices; product quality; scanners; willingness to pay; wines
Abstract:
... We empirically investigate the welfare effects of providing product quality information to consumers in the form of expert opinion scores in a setting of asymmetric information. Identification of the effects of the provision of information comes from a field experiment in the retail wine market. We use a monthly‐product‐store panel scanner data set, collected before and during the field experiment ...
DOI:
10.1111/ajae.12129

14. Servitization with blockchain in the maritime supply chain

Author:
Huida Zhao; Jiaguo Liu; Xiyuan Hu
Source:
Ocean & coastal management 2022 v.225 pp. 106195
ISSN:
0964-5691
Subject:
blockchain; coastal zone management; consumer surplus; environmental protection; financial economics; governance; markets; profitability; social welfare; stakeholders; supply chain
Abstract:
... This study provides a game-theoretic analysis of the service strategy of a two-tier maritime supply chain. We explore a setting where a port provides blockchain service with different service levels. We extend the existing literature, which discusses the servitization with blockchain in the maritime supply chain. We demonstrate both the economic and environmental benefits that blockchain service i ...
DOI:
10.1016/j.ocecoaman.2022.106195

15. The effects of parallel trade in two-sided markets

Author:
Kuo-Feng Kao; Hiroshi Mukunoki
Source:
Economics letters 2021 v.199 pp. 109721
ISSN:
0165-1765
Subject:
consumer surplus; imports; markets; profits and margins; social welfare
Abstract:
... This study investigates the effects of parallel imports in two-sided markets, which may increase profits for manufacturers when products have a two-sided market nature. Additionally, parallel imports increase consumer surplus and social welfare in all countries if the network externalities from both sides are large enough. However, if one externality is small while the other is large, parallel imp ...
DOI:
10.1016/j.econlet.2020.109721

16. Travel-cost method for assessing the monetary value of recreational services in the Ömerli Catchment

Author:
Nuket Ipek Cetin; Gulhan Bourget; Azime Tezer
Source:
Ecological economics 2021 v.190 pp. 107192
ISSN:
0921-8009
Subject:
consumer surplus; decision making; ecological economics; economic valuation; metropolitan areas; recreation; travel; watersheds
Abstract:
... Urban catchments in Istanbul, such as the Ömerli Catchment, are expected to receive more visitors in the future due to an increase in population, long-term recreational habits, and an insufficient amount of urban green spaces in the metropolitan area. Therefore, estimating the recreation's monetary value is crucial for developing sustainable spatial strategies for urban catchments that take cultur ...
DOI:
10.1016/j.ecolecon.2021.107192

17. Valuing Recreation in Italy's Protected Areas Using Spatial Big Data

Author:
Michael Sinclair; Andrea Ghermandi; Giovanni Signorello; Laura Giuffrida; Maria De Salvo
Source:
Ecological economics 2022 v.200 pp. 107526
ISSN:
0921-8009
Subject:
consumer demand; consumer surplus; decision making; ecological economics; metadata; models; recreation; travel; Italy
Abstract:
... Protected areas offer unique opportunities for recreation, but the non-market nature of these benefits presents a significant challenge when trying to represent value in the decision-making processes. The most common techniques to value recreation are based on resource-intensive primary surveys which are difficult to perform at a large scale or in remote locations. This is true in the case of Ital ...
DOI:
10.1016/j.ecolecon.2022.107526

18. Valuing and significance of eco-tourism parks across eastern arid regions of Pakistan

Author:
Sehresh Hena; Sufyan Ullah Khan; Abdul Rehman; Sumia Sahar; Inam Ullah Khalil; Jingdong Luan
Source:
Environmental science and pollution research 2021 v.28 no.5 pp. 5900-5913
ISSN:
0944-1344
Subject:
conservation areas; consumer surplus; ecological balance; economic development; economic valuation; ecotourism; pollution; recreation; research; soil; travel; wildlife; Pakistan
Abstract:
... The green spaces preserve natural heritage, spectacular landscapes, and wildlife habitats. By incorporating national parks, it leads to economic growth, environmental sustainability, social involvement, and provides a protected area for endangered wildlife. Nature-dependent tourism indicates a critical place within the national economy. Pakistan is tackling the tourism industry and implementing na ...
DOI:
10.1007/s11356-020-10988-6

19. Which emission reduction mode is the best under the carbon cap-and-trade mechanism?

Author:
Hao Liu; Xiaofei Kou; Gangyan Xu; Xuan Qiu; Haibin Liu
Source:
Journal of cleaner production 2021 v.314 pp. 128053
ISSN:
0959-6526
Subject:
carbon; carbon markets; consumer surplus; game theory; models; social welfare; supply chain
Abstract:
... There are three main emission reduction modes: manufacturer-only emission reduction (M-ER), retailer-only emission reduction (R-ER), and joint emission reduction (J-ER). This paper develops an analytical framework consisting of a manufacturer and a retailer to explore the optimal choice of emission reduction mode under the carbon cap-and-trade mechanism. The paper firstly obtains the optimal decis ...
DOI:
10.1016/j.jclepro.2021.128053

20. A crowd-sourced valuation of recreational ecosystem services using mobile signal data applied to a restored wetland in China

Author:
Peichao Dai; Shaoliang Zhang; Yunlong Gong; Yuan Zhou; Huping Hou
Source:
Ecological economics 2022 v.192 pp. 107249
ISSN:
0921-8009
Subject:
consumer surplus; economic valuation; ecosystems; gender; lakes; mobile telephones; models; tourists; travel; wetlands; China
Abstract:
... The travel cost method is the main technique used to evaluate the monetary value of recreational cultural ecosystem services of wetlands. While questionnaires still provide an important way to obtain tourist travel distances, salary rate coefficients, and travel rate data, but they are restricted by the data scale and the need for long-term monitoring. Therefore, the present study introduces mobil ...
DOI:
10.1016/j.ecolecon.2021.107249

21. African swine fever in China: Impacts, responses, and policy implications

Author:
Meilin Ma; H. Holly Wang; Yizhou Hua; Fei Qin; Jing Yang
Source:
Food policy 2021 v.102 pp. 102065
ISSN:
0306-9192
Subject:
African swine fever; Consumer Price Index; chickens; consumer surplus; food policy; meat consumption; pork; pork industry; prices; swine; China
Abstract:
... African Swine Fever broke out in China in August 2018 and has caused a substantial loss to China’s hog industry. Pork is the dominant meat in the Chinese diet with its price being a critical component of China’s Consumer Price Index. In 2019, large increases in the pork price caused by the sharp reduction in pork supply incentivized the government to suppress the price by subsidizing large-scale h ...
DOI:
10.1016/j.foodpol.2021.102065

22. Auctioning business licenses to engage in Cournot competition

Author:
Myeonghwan Cho; Joon Song
Source:
Economics letters 2022 v.210 pp. 110176
ISSN:
0165-1765
Subject:
auctions; consumer surplus; income; prices
Abstract:
... We study auctions for business licenses, where only the winners can participate in Cournot competition. This is an example of a multi-unit auction with endogenous and interdependent values. We compare a pay-as-bid auction and a uniform price auction. Assuming that only the winners’ identity and their payments are announced after the auction, the former auction is advantageous in terms of auction r ...
DOI:
10.1016/j.econlet.2021.110176

23. Country borders and the value of scuba diving in an estuary

Author:
Sandra Rousseau; Anthony Tejerizo Fuertes
Source:
Ocean & coastal management 2020 v.184 pp. 105002
ISSN:
0964-5691
Subject:
coastal zone management; consumer surplus; cost estimates; estuaries; funding; outdoor recreation; travel; Belgium; Netherlands
Abstract:
... In the face of restricted budgets, it is worthwhile to explore whether domestic and non-domestic users would be willing to contribute to the cost of managing natural areas. Specifically, we investigate preferences of Dutch and Belgian divers for a trip to the Oosterschelde, an estuary in the Netherlands close to Belgium. The travel cost estimates based on day trips reveal a consumer surplus of 108 ...
DOI:
10.1016/j.ocecoaman.2019.105002

24. Decision-making of closed-loop supply chain under Corporate Social Responsibility and fairness concerns

Author:
Yuyan Wang; Mei Su; Liang Shen; Rongyun Tang
Source:
Journal of cleaner production 2021 v.284 pp. 125373
ISSN:
0959-6526
Subject:
behavior; business enterprises; consumer surplus; corporate social responsibility; decision making; design; exhibitions; manufacturing; models; pressure; prices; profits and margins; recycling; research; sales; solutions; supply chain; wastes
Abstract:
... In recent years, manufacturers have been under pressure from consumers and the government in terms of environmental awareness and corporate social responsibility (CSR). The CRS behavior regulated by government subsidy is limited understood and needs attention urgently. In this study, three closed-loop supply chain (CLSC) models, including one decentralized decision-making model without fair concer ...
DOI:
10.1016/j.jclepro.2020.125373

25. Economic Implications of Protecting Regional Reputations

Author:
Jason A. Winfree; Jill J. McCluskey
Source:
Journal of agricultural & food industrial organization 2020 v.20 no.1 pp. 20190051
ISSN:
1542-0485
Subject:
consumer information; consumer surplus; theoretical models
Abstract:
... This article develops a theoretical model to analyze how policies such as regional labeling, geographic indications, and quality standards affect welfare when firms have a collective reputation corresponding to a region. The tradeoff is between consumer information and protection of the regional names against the effect of supply restriction, which is often considered to be collusive behavior. Reg ...
DOI:
10.1515/jafio-2019-0051

26. Estimating Willingness to Pay from Count Data When Survey Responses are Rounded

Author:
Ian B. Page; Erik Lichtenberg; Monica Saavoss
Source:
Environmental and resource economics 2020 v.75 no.3 pp. 657-675
ISSN:
0924-6460
Subject:
Monte Carlo method; consumer surplus; data collection; models; recreation areas; surveys; willingness to pay
Abstract:
... Recall data of visits to recreational sites often contain reported numbers that appear to be rounded to nearby focal points (e.g., the closest 5 or 10). Failure to address this rounding has been shown to produce biased estimates of marginal effects and non-linear combinations of coefficients such as willingness to pay. We investigate the relative performance of three count data models used with da ...
DOI:
10.1007/s10640-020-00403-6

27. Evaluating visitors’ travel demand and recreational values in Kallar Kahar Lake, Pakistan

Author:
Khuda Bakhsh; Iqra Meshaal; Hudda Riaz
Source:
Environment, development and sustainability 2020 v.22 no.8 pp. 7951-7967
ISSN:
1387-585X
Subject:
administrative management; consumer surplus; demand elasticities; economic valuation; environment; environmental quality; lakes; travel; Pakistan
Abstract:
... The present study estimated the economic value of Kallar Kahar Lake in Pakistan. This is among the first-ever studies considering the impact of the visitors’ perception on the number of visits to the lake in South Asia. Individual travel cost method was employed. Variables on the perception of the visitors were significantly related to the number of visits to the recreational site. Results implied ...
DOI:
10.1007/s10668-019-00555-6

28. Exploring the importance of accounting for on-site sampling and heterogenous preferences simultaneously in estimating aggregate demand function for recreational fishing

Author:
Louinord Voltaire; Kokou Boris Djongon; Michel Carrard
Source:
Journal of environmental planning and management 2021 v.64 no.14 pp. 2573-2592
ISSN:
1360-0559
Subject:
consumer surplus; demand elasticities; demand functions; income; recreation areas; travel
Abstract:
... Travel cost (TC) data are often collected on-site, raising the question of on-site sampling bias. In addition, the motivations behind visiting a recreational area are diverse and differ across individuals, with the potential implications that preferences for trips are heterogenous. This is particularly true for recreational fishing areas that include multiple sites and within which multiple fishin ...
DOI:
10.1080/09640568.2021.1876001

29. Impacts of agricultural price support policy on price variability and welfare: Evidence from China's soybean market

Author:
Wenting Wang; Longbao Wei
Source:
Agricultural economics 2021 v.52 no.1 pp. 3-17
ISSN:
0169-5150
Subject:
Monte Carlo method; agricultural prices; agricultural subsidies; consumer surplus; domestic markets; econometric models; producer surplus; soybeans; China
Abstract:
... China is a predominant soybean importer; thus, its domestic soybean policies have a large impact on world soybean market dynamics. We develop the first aggregate structural econometric model of China's soybean market and link it to the rest of the world (ROW), which allows us to analyze the impacts of China's soybean price support policy that ran from 2008 to 2013. We investigate the impacts of Ch ...
DOI:
10.1111/agec.12603

30. Impacts of altruistic preference and reward-penalty mechanism on decisions of E-commerce closed-loop supply chain

Author:
Yuyan Wang; Zhaoqing Yu; Liang Shen; Wenquan Dong
Source:
Journal of cleaner production 2021 v.315 pp. 128132
ISSN:
0959-6526
Subject:
consumer surplus; e-commerce; prices; social welfare; supply chain
Abstract:
... This study considers two incentive mechanisms, the reward-penalty mechanism (RPM) and the altruistic preference (AP). An E-commerce closed-loop supply chain consisting of a remanufacturer and a network recycling platform (the platform) is constructed to examine the recycling service and the quality improvement. Three models are developed to study how RPM and AP affect recycling decisions and model ...
DOI:
10.1016/j.jclepro.2021.128132

31. Inducing flexibility of household electricity demand: The overlooked costs of reacting to dynamic incentives

Author:
Ioana Bejan; Carsten Lynge Jensen; Laura M. Andersen; Lars Gårn Hansen
Source:
Applied energy 2021 v.284 pp. 116283
ISSN:
0306-2619
Subject:
consumer surplus; electric energy consumption; electricity; electricity costs; electricity generation; field experimentation; markets; people; prices; solar energy; tariffs; wind
Abstract:
... Flexible electricity demand through dynamic pricing¹1We use the term ‘dynamic pricing’ to describe electricity tariffs that are continually adjusted to (partially) reflect the current price at the spot market or at the day ahead market such as real-time pricing. Time of use pricing is not covered by our use of the term because time of use tariffs are pre-declared and not continually adjusted to re ...
DOI:
10.1016/j.apenergy.2020.116283

32. Introducing electric vehicles? Impact of network effect on profits and social welfare

Author:
Rui Hou; Lei Lei; Kangning Jin; Xiaogang Lin; Lu Xiao
Source:
Energy 2022 v.243 pp. 123002
ISSN:
0360-5442
Subject:
combustion; consumer surplus; energy; markets; social welfare; society
Abstract:
... Electric vehicles enjoy not only vigorous promotion in many countries via green license plates but also state subsidies. This study investigates a traditional combustion-vehicle market and the coexistence of combustion and electric vehicles under the influence of network effects. It evaluates the impact of the greenness gap and network effect on their pricing, subsidies, and market returns, respec ...
DOI:
10.1016/j.energy.2021.123002

33. Investment strategy for blockchain technology in a shipping supply chain

Author:
Xu Xin; Miaohui Liu; Xiaoli Wang; Haichao Chen; Kang Chen
Source:
Ocean & coastal management 2022 v.226 pp. 106263
ISSN:
0964-5691
Subject:
blockchain; coastal zone management; consumer surplus; game theory; industry; models; social welfare; stakeholders; supply chain
Abstract:
... In the post-COVID-19 pandemic era, how to promote blockchain technology to improve the efficiency of port customs clearance and logistics transparency has become a hot research question in the shipping industry. In this paper, we investigate the value of blockchain-based vertical cooperation led by a port or a shipping company in a one-to-two shipping service competition model. A status quo scenar ...
DOI:
10.1016/j.ocecoaman.2022.106263

34. Marine Ecotourism Demand (Snorkeling and Diving) and Coral Reefs Resources Valuation in Karimunjawa National Park

Author:
Amalia Febryane Adhani Mazaya; Fredinan Yulianda; Taryono
Source:
Jurnal Ilmu Pertanian Indonesia 2020 v.25 no.1 pp. 26-34
ISSN:
2443-3462
Subject:
consumer surplus; coral reefs; corals; ecosystem management; ecotourism; education; gender; income; issues and policy; models; national parks; regression analysis; travel; Indonesia
Abstract:
... Karimunjawa National Park was designated as a Marine National Park area since the enactment of Kepdirjen PHKA No. SK. 28/IV-SET/2012. The marine tourism utilization zone covers 2.45% of the total area of TNKJ. One of the great potential resources that is utilized in tourism utilization zone is coral reefs. Economic valuations of coral reefs are considered necessary as an approach to show the benef ...
DOI:
10.18343/jipi.25.1.26

35. Merger and process innovation

Author:
Arijit Mukherjee
Source:
Economics letters 2022 v.213 pp. 110366
ISSN:
0165-1765
Subject:
business mergers; consumer surplus; exhibitions; issues and policy; probability
Abstract:
... Denicolò and Polo (2018) show that the result of Federico et al. (2017), i.e., horizontal mergers reduce R&D investments of the merged firms compared to non-cooperation, holds provided the probability of failure in R&D is log-convex in R&D investments. We provide a different reason for innovation raising merger. We show that if firms invest in process innovation, merger may increase R&D investment ...
DOI:
10.1016/j.econlet.2022.110366

36. Microclimate Engineering for Climate Change Adaptation in Agriculture: The Case of California Pistachios

Author:
Itai Trilnick; David Zilberman
Source:
American journal of agricultural economics 2021 v.103 no.4 pp. 1342-1358
ISSN:
0002-9092
Subject:
agricultural economics; case studies; climate change; consumer surplus; cooling; heat; market power; markets; microclimate; solar radiation; winter; California
Abstract:
... Can farmers adapt to climate change by altering effective weather conditions on their fields? Existing technologies allow farmers to cool down plants by a few degrees during critical periods, reducing the damage from excess heat. With nonlinear effects of high temperatures on yields, slight cooling can bring significant gains in many crops. We call this approach “microclimate engineering” (MCE) an ...
DOI:
10.1111/ajae.12202

37. Optimal strategies of green product supply chains based on behaviour-based pricing

Author:
Kanying Liu; Wei Li; Fu Jia; Yong Lan
Source:
Journal of cleaner production 2022 v.335 pp. 130288
ISSN:
0959-6526
Subject:
consumer surplus; decentralization; decision making; income; market share; markets; models; supply chain; willingness to pay
Abstract:
... Behaviour-based pricing (BBP) fully considers the willingness to pay, behavioural characteristics and rational expectations of new and old customers and can dynamically adjust pricing strategies based on purchase histories. Therefore, compared with uniform pricing, BBP can promote the development of green products in the market. Additionally, BBP gradually influences the pricing decisions of the s ...
DOI:
10.1016/j.jclepro.2021.130288

38. Overlapping ownership, endogenous quality, and welfare

Author:
Duarte Brito; Ricardo Ribeiro; Helder Vasconcelos
Source:
Economics letters 2020 v.190 pp. 109074
ISSN:
0165-1765
Subject:
consumer surplus; industry; ownership; prices; profits and margins
Abstract:
... This paper investigates how overlapping ownership affects quality levels, consumer surplus, firms’ profits and welfare when the industry is a vertically differentiated duopoly and quality choice is endogenous. This issue is particularly relevant since recent empirical evidence suggests that overlapping ownership constitutes an important feature of a multitude of vertically differentiated industrie ...
DOI:
10.1016/j.econlet.2020.109074

39. Pricing strategies for bundled products considering consumers’ green preference

Author:
Qing Zhang; Yini Zheng
Source:
Journal of cleaner production 2022 v.344 pp. 130962
ISSN:
0959-6526
Subject:
asymmetry; consumer surplus; prices; social welfare; society; wastes
Abstract:
... Considering consumers' preference for green consumption, firms provide independent main products alone to reduce the waste induced by repeated purchases of complementary products. This paper divides consumers into four types according to their greenness and previous purchase experiences, and theoretically investigates the advantages and disadvantages of the uniform pricing strategy and the differe ...
DOI:
10.1016/j.jclepro.2022.130962

40. Sequential search with partial depth

Author:
Lin Liu; X. Henry Wang; Haojun Yu
Source:
Economics letters 2022 v.216 pp. 110624
ISSN:
0165-1765
Subject:
consumer surplus; prices; products and commodities
Abstract:
... Using the classical framework by Wolinsky (1986) and Anderson and Renault (1999), this paper explores partial-depth search and shows that consumers search products partially when search cost is large, and firms’ prices and consumer surplus are non-monotonic in search cost. ...
DOI:
10.1016/j.econlet.2022.110624

41. Take-back regulation policy on closed loop supply chains: Single or double targets?

Author:
Chen Xintong; Li Bangyi; Li Zonghuo; Mark Goh; Wei Shanting
Source:
Journal of cleaner production 2021 v.283 pp. 124576
ISSN:
0959-6526
Subject:
consumer surplus; guidelines; issues and policy; models; paper; producer responsibility; social welfare; supply chain
Abstract:
... Many countries have imposed product take-back conditions on their manufacturers, as part of the commitment to the extended product responsibility. This paper explores the feasibility of the take-back regulation operating under a collection target and a reuse target. Two models using different regulation setups are developed to show the effects of a take-back regulation on consumer surplus, the ben ...
DOI:
10.1016/j.jclepro.2020.124576

42. The value of recreational fishing in Sweden – Estimates based on a nationwide survey

Author:
Ola Carlén; Göran Bostedt; Runar Brännlund; Lars Persson
Source:
Fisheries management and ecology 2021 v.28 no.4 pp. 351-361
ISSN:
0969-997X
Subject:
administrative management; autumn; consumer surplus; ecology; fisheries; models; national surveys; summer; Sweden
Abstract:
... A nationwide recreational fishing survey in Sweden was used to estimate the benefits of recreational fishing in Sweden. The survey targeted the Swedish population and, consequently, the sample contained a large fraction of zero fishing days. To consider this, a zero‐inflated Poisson model was used in the estimations. Swedes fished about 15.6 million days in 2013, of which two‐thirds were spent on ...
DOI:
10.1111/fme.12484

43. Understanding productivity effects of hydraulic fracturing in unconventional natural gas deposits and implications for adoption in the developing world

Author:
Timothy Fitzgerald; Charles F. Mason
Source:
Environment and development economics 2021 v.26 no.3 pp. 281-301
ISSN:
1469-4395
Subject:
carbon; chemical composition; consumer surplus; energy; environment; environmental policy; fearfulness; natural gas; oil and gas industry
Abstract:
... Hydraulic fracturing (HF) has transformed the North American oil and gas industry, leading to increased consumer surplus and reduced carbon emissions. While HF may have similar potential for the developing world, adoption has been limited to date, plausibly because of perceptions of potential local costs and the need to develop technical proficiency. We empirically evaluate the incremental contrib ...
DOI:
10.1017/S1355770X20000534

44. Understanding recreation demands and visitor characteristics of urban green spaces: A use of the zero-inflated negative binomial model

Author:
Hyerin Kim; Yasushi Shoji; Takahiro Tsuge; Tetsuya Aikoh; Koichi Kuriyama
Source:
Urban forestry & urban greening 2021 v.65 pp. 127332
ISSN:
1618-8667
Subject:
Internet; Japan; binomial distribution; consumer surplus; gender; recreation; surveys; travel; urban forestry
Abstract:
... This study aims to understand recreation demands and visitor characteristics of urban green spaces. The renovation of large urban green spaces has been scheduled due to the aging facilities in the Sapporo city area, northern Japan. Owing to budget limitations, however, a decision has been made to perform a specific type of extensive renovation depending on the existing environmental settings, faci ...
DOI:
10.1016/j.ufug.2021.127332

45. A Semiparametric Smooth Coefficient Estimator for Recreation Demand

Author:
Weiwei Liu; Kevin J. Egan
Source:
Environmental and resource economics 2019 v.74 no.3 pp. 1163-1187
ISSN:
0924-6460
Subject:
beaches; consumer surplus; demand elasticities; models; outdoor recreation; prices; willingness to pay
Abstract:
... We introduce a semiparametric smooth coefficient estimator for recreation demand data that allows more flexible modeling of preference heterogeneity. We show that our sample of visitors each has an individual statistically significant price coefficient estimate leading to clearly nonparametric consumer surplus and willingness to pay (WTP) distributions. We also show mean WTP estimates that are dif ...
DOI:
10.1007/s10640-019-00362-7

46. A game-theoretic approach for decision analysis in end-of-life vehicle reverse supply chain regarding government subsidy

Author:
Mohammad-Ali Gorji; Mohammad-Bagher Jamali; Mehdi Iranpoor
Source:
Waste management 2021 v.120 pp. 734-747
ISSN:
0956-053X
Subject:
consumer surplus; decision making; decision support systems; game theory; income; issues and policy; prices; supply chain; waste management
Abstract:
... The presence of end-of-life vehicles (ELV) in the cities creates irreparable damage in environmental and economic terms. Thus, governments have been searching for ways to collect ELVs. An effective way to address ELVs is subsidies' policy. In this study, a supply chain including an ELV take-back center, an inspection center, and a repair center are considered. The decision variables are the purcha ...
DOI:
10.1016/j.wasman.2020.10.043

47. An Analysis of Portion Cap Rules with a Multiproduct Seller

Author:
Jose G. Nuno‐Ledesma
Source:
American journal of agricultural economics 2021 v.103 no.5 pp. 1820-1831
ISSN:
0002-9092
Subject:
agricultural economics; consumer surplus; food retailing; markets; models
Abstract:
... I study the impacts of limiting the quantity of one product in a two‐goods market with privately informed buyers. The goal is to explore effects on consumer surplus and consumption of both products. The main finding is that following moderate enough caps, a standard nonlinear pricing model predicts an increase in surplus for the buyer with low preference for the regulated good and high valuation f ...
DOI:
10.1111/ajae.12221

48. An extended form of quasilinear utility functions

Author:
Toshihiro Matsuda
Source:
Economics letters 2020 v.187 pp. 108893
ISSN:
0165-1765
Subject:
consumer surplus; income; prices; utility functions
Abstract:
... We show an extended form of quasilinear utility functions, which is characterized by the Gorman polar form and the property that a consumer surplus, a compensating variation, and an equivalent variation coincide for the changes of prices and income under a certain condition. ...
DOI:
10.1016/j.econlet.2019.108893

49. Analysis for recycling and remanufacturing strategies in a supply chain considering consumers’ heterogeneous WTP

Author:
Xiaofeng Long; Jiali Ge; Tong Shu; Yu Liu
Source:
Resources, conservation, and recycling 2019 v.148 pp. 80-90
ISSN:
0921-3449
Subject:
consumer surplus; issues and policy; models; profits and margins; recycling; supply chain; willingness to pay
Abstract:
... Empirical and theoretical research has shown that consumers’ willingness to pay (WTP) has a significant impact on manufacturers’ decisions. Based on these findings, we establish models for multiple remanufacturing modes considering WTP heterogeneity or different remanufactured products, in one-period and two-period closed-loop supply chain (CLSC) scenarios, to identify the optimal recycling and re ...
DOI:
10.1016/j.resconrec.2019.05.001

50. Assessment of the impacts of climate change and variability on water resources and use, food security, and economic welfare in Iran

Author:
Soroush Kiani Ghalehsard; Javad Shahraki; Ahmad Akbari; Ali Sardar Shahraki
Source:
Environment, development and sustainability 2021 v.23 no.10 pp. 14666-14682
ISSN:
1387-585X
Subject:
agricultural industry; climate; climate change; consumer surplus; crop prices; decline; environment; farm income; food security; groundwater; producer surplus; water allocation; Iran
Abstract:
... Climate change influences the agricultural sector by reducing available water resources, thereby influencing income, consumer and producer surplus, and crop prices. So, it is necessary to have a comprehensive integrated method to measure the effects of these changes on natural resources and social conditions. The present study aims to use the positive mathematical programming method to discover th ...
DOI:
10.1007/s10668-021-01263-w