Inattention, availability bias, and attribute premium estimation for a biobased product
研究了消费者对生物基一次性餐具属性的支付意愿，发现注意力不足使支付意愿降低每包0.36至3.69美元，而可得性偏差无影响。
Abstract Biobased productsare non‐food goods derived from agricultural and forestry materials. Products made from biomaterials could substitute for petroleum‐based inputs used to make everyday household goods. This studyestimates consumer willingness to pay (WTP) for the attributes of single‐use eating‐ware (SUEW) plates made from biobased materials. Attributes considered are product material, degradability, product labeling, and biomass origin. The study controls for inattention and availability bias on attribute premium. Results suggest that inattention bias decreased consumer WTP for SUEW products by $0.36 to $3.69/25‐count package. Consumers valued most product degradability and using non‐plastic materials to make SUEW plates. Availability bias did not affect WTP. Consumer surplus increases by $2 million if the marginal cost of producing a SUEW product made with wheat straw is less than $6.