Behavioral Economics Commons^™

Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas

Zea E-Books Collection

doi:10.13014/K2416V8V

This book presents a multi-market framework of market and policy analysis that explicitly accounts for the empirically relevant heterogeneity in consumer preferences and producer characteristics. The explicit consideration of consumer and producer heterogeneity represents a significant departure from the representative consumer and producer that have been at the center of most of the literature on market and policy analysis, and enables the distributional impacts of changes in market conditions and policies to be fully identified. The framework is used to analyze the system-wide market and welfare impacts of a number of changes in market conditions (like changes in consumer …

Tb185: Designing A Labeling Policy For Genetically Modified Food: Results Of Focus Group Research, Mario F. Teisl, Lynn Halverson, Kelly O'Brien, Brian Roe

Technical Bulletins

The labeling of genetically modified foods is a topic of growing, and sometimes cantankerous, public debate—a debate whose outcome could dramatically alter the operation of the U.S. production agriculture, processing, distribution and retailing sectors. The debate surrounding the labeling of genetically modified foods is largely about how much information to supply to consumers to facilitate effective choice and how that information should be supplied. Although there seems to be empirical evidence of a mainstream desire for the labeling of genetically modified foods, we know of no study that has provided guidance to policy makers as to the best method of …