Jayson L. Lusk

TL;DR: The authors investigated the effect of several procedural issues on valuation estimates from experimental auctions and found that endowing subjects with a good prior to eliciting bids can have an impact on valuations, but the effect varies across auction mechanism.

TL;DR: A case is demonstrated where a tax on food away from home, a food intake category blamed for much of the rise in obesity, could lead to an increase in body weight; a finding which emphasizes the need to employ economic modeling when developing public policy to reduce obesity.

TL;DR: This paper investigated the effect of several commonly used experimental designs on willingness-to-pay in a Monte Carlo environment where true utility parameters are known, and found that random designs or designs that explicitly incorporated attribute interactions generated more precise valuation estimates than main effects only designs.

TL;DR: In this article, the authors provide a review of the literature on objective and subjective knowledge, and review previous studies investigating the relationship between knowledge and acceptance of GM foods, concluding that knowledge should not be viewed as a unidimensional construct and the way in which knowledge is measured significantly impacts the relationship with consumers' willingness to accept GM foods.

TL;DR: In this article, consumer willingness-to-pay bids for corn chips made with nongenetically modified ingredients are elicited in first-and second-price auctions, and the second price auction induced a greater percentage of marginal bidders to offer a positive bid compared to the first price auction.