Can Willingness-To-Pay Values be Manipulated? Evidences from an Experiment on Organic Food in China

Human behaviours are driven by two different types of motives: implicit and explicit motives. Psychologists have developed two main tools, namely time pressure and cognitive load, to disentangle the two motives. It implies that the values of willingness to pay (WTP) are sensitive to time pressure and cognitive load levels in practice. An experiment with 233 students is conducted in China to study the willingness to pay for organic food with consideration of different time pressures and cognitive load levels. Results show that (1) increasing cognitive load could significantly reduce consumers’ WTP for organic food; and (2) time pressure does not have significant impact on WTP values. Such results remind us of being particularly cautious about the cognitive load situations of respondents during a WTP survey. Otherwise, the WTP results are unstable and inconvincible.


Issue Date:
2014-05
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
ISSN (2192-3248) (Other)
PURL Identifier:
http://purl.umn.edu/169402
Total Pages:
27
JEL Codes:
C91; Q13
Series Statement:
GlobalFood Discussion Papers
36




 Record created 2017-04-01, last modified 2017-11-10

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