Auction Winners, Bid Price Endogeneity and Customer Preferences for Bison and Beef

Scott Fausti; Angel González; Bashir Qasmi; Keith Underwood

Auction Winners, Bid Price Endogeneity and Customer Preferences for Bison and Beef

Scott Fausti, Angel González, Bashir Qasmi, Keith Underwood

College of Business

Research output: Contribution to journal › Article › peer-review

Abstract

We conduct a ground beef versus ground bison consumer preference study. A panel of 91 participants were asked first to blindly sample ground 93% lean bison, 80% lean beef, and 93% lean beef, and report their preferences for each meat's qualities, such as, juiciness and tenderness. Participants were then given the option of participating in a multiproduct, second-price auction.

Original language	American English
Journal	Journal of Economic Insight
Volume	48
Issue number	2
State	Published - 2022

Access to Document

https://journalofeconomicinsight.com/index.php/joei/article/view/1289

Cite this

@article{9500748b66894f7e8cd9ea15f57207ea,

title = "Auction Winners, Bid Price Endogeneity and Customer Preferences for Bison and Beef",

abstract = "We conduct a ground beef versus ground bison consumer preference study. A panel of 91 participants were asked first to blindly sample ground 93% lean bison, 80% lean beef, and 93% lean beef, and report their preferences for each meat's qualities, such as, juiciness and tenderness. Participants were then given the option of participating in a multiproduct, second-price auction.",

author = "Scott Fausti and Angel Gonz{\'a}lez and Bashir Qasmi and Keith Underwood",

year = "2022",

language = "American English",

volume = "48",

journal = "Journal of Economic Insight",

number = "2",

}

TY - JOUR

T1 - Auction Winners, Bid Price Endogeneity and Customer Preferences for Bison and Beef

AU - Fausti, Scott

AU - González, Angel

AU - Qasmi, Bashir

AU - Underwood, Keith

PY - 2022

Y1 - 2022

N2 - We conduct a ground beef versus ground bison consumer preference study. A panel of 91 participants were asked first to blindly sample ground 93% lean bison, 80% lean beef, and 93% lean beef, and report their preferences for each meat's qualities, such as, juiciness and tenderness. Participants were then given the option of participating in a multiproduct, second-price auction.

AB - We conduct a ground beef versus ground bison consumer preference study. A panel of 91 participants were asked first to blindly sample ground 93% lean bison, 80% lean beef, and 93% lean beef, and report their preferences for each meat's qualities, such as, juiciness and tenderness. Participants were then given the option of participating in a multiproduct, second-price auction.

M3 - Article

VL - 48

JO - Journal of Economic Insight

JF - Journal of Economic Insight

IS - 2

ER -