The Combination of Lab and Field Experiments for Benefit-Cost Analysis
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Stéphan Marette
This article explores the combination of laboratory and field experiments in defining a welfare framework and the impact of different regulatory tools on consumer behaviors. First, an overview of strengths and weaknesses raised by the experimental literature show that, for food consumption, lab and field experiments may be complementary to each other. The lab experiment elicits willingness to pay useful for determining per-unit damages based on well-informed, thoughtful preferences, while the field experiment determines purchase/consumption reactions in real contexts. Second, the analytical approach suggests how to combine the results of both lab and field experiments to determine the welfare impact of different regulatory tools such as labels and/or taxes. Third, an empirical application focuses on a lab and a field experiment conducted in France to evaluate the impact of regulation on fish consumption. Estimations for the French tuna market show that a per-unit tax on tuna and/or an advisory policy lead to welfare improvements.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Artikel in diesem Heft
- Article
- Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence
- The Combination of Lab and Field Experiments for Benefit-Cost Analysis
- Benefit-Cost Analysis with Local Residents' Stated Preference Information: A Study of Non-Motorized Transport Investments in Pune, India
- Valuing the Benefit for Cancer Patients of Receiving Blood Transfusions at Home
- Principles and Standards
- Towards Principles and Standards for the Benefit-Cost Analysis of Safety
- Response or Comment
- Comment on Burgess and Zerbe: On Bank Market Power and the Social Discount Rate
- Comment on Burgess and Zerbe's "Appropriate Discounting for Benefit-Cost Analysis"
- Calculating the Social Opportunity Cost Discount Rate
Artikel in diesem Heft
- Article
- Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence
- The Combination of Lab and Field Experiments for Benefit-Cost Analysis
- Benefit-Cost Analysis with Local Residents' Stated Preference Information: A Study of Non-Motorized Transport Investments in Pune, India
- Valuing the Benefit for Cancer Patients of Receiving Blood Transfusions at Home
- Principles and Standards
- Towards Principles and Standards for the Benefit-Cost Analysis of Safety
- Response or Comment
- Comment on Burgess and Zerbe: On Bank Market Power and the Social Discount Rate
- Comment on Burgess and Zerbe's "Appropriate Discounting for Benefit-Cost Analysis"
- Calculating the Social Opportunity Cost Discount Rate
