THE WELFARE IMPACTS OF COMMODITY PRICE VOLATILITY: REPLY

被引：6
|
作者：
Bellemare, Marc F. [1 ]
Barrett, Christopher B. [2 ,3 ]
Just, David R. [3 ]
机构：
[1] Univ Minnesota, Ctr Int Food & Agr Policy, Dept Appl Econ, Minneapolis, MN 55455 USA
[2] Appl Econ & Management, New York, NY USA
[3] Cornell Univ, Charles H Dyson Sch Appl Econ & Management, Ithaca, NY 14853 USA
来源：
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 2016年 / 98卷 / 02期
关键词：
D O I：
10.1093/ajae/aav070
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
In this response to McBride's comment, we bring further light to this topic by discussing the difference between willingness to pay (WTP) as a proportion of income calculated at mean income versus mean WTP as a proportion of income. We then discuss the necessary limitations imposed on researchers doing work of the nature of that done in Bellemare, Barrett, and Just (2013) by the use of observational data. We conclude by briefly discussing potential solutions to those limitations.
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页码：676 / 678
页数：3
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