Abstract

http://ssrn.com/abstract=48580
 
 

References (15)



 
 

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Valuing Risk Tradeoffs and Voluntary Insecticide Reduction


Luanne Lohr


University of Georgia

Timothy A. Park


University of Georgia - Department of Agricultural & Applied Economics

Leon Higley


University of Nebraska at Lincoln - College of Agricultural Sciences and Natural Resources



Abstract:     
Fixed search costs associated with locating and purchasing pecans invalidate the Tobit model. Factors such as perceived quality, ease of purchase, and familiarity with marketing outlets influence the fixed costs of pecan purchases. These factors have differing impacts on the probability of purchasing and the amount purchased based on the Heckman model. Failure to apply self- selectivity corrections produces misleading assessments of key variables influencing pecan purchases.

Number of Pages in PDF File: 16

JEL Classification: Q16

working papers series


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Date posted: May 23, 1997  

Suggested Citation

Lohr, Luanne and Park, Timothy A. and Higley, Leon, Valuing Risk Tradeoffs and Voluntary Insecticide Reduction. Available at SSRN: http://ssrn.com/abstract=48580 or http://dx.doi.org/10.2139/ssrn.48580

Contact Information

Luanne Lohr (Contact Author)
University of Georgia ( email )
Athens, GA 30602-7509
United States
706-542-0847 (Phone)
Timothy A. Park
University of Georgia - Department of Agricultural & Applied Economics ( email )
316 Conner Hall
Athens, GA 30602-7509
United States
(706) 542-0856 (Phone)
(706) 542-0739 (Fax)
Leon Higley
University of Nebraska at Lincoln - College of Agricultural Sciences and Natural Resources ( email )
Lincoln, NE
United States
Feedback to SSRN


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Abstract Views: 533
Downloads: 38
References:  15
Footnotes:  17

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