When Higher Quality Does Not Translate to Higher Prices: A Case of Quality and Specialty Coffees from the Cup of Excellence Auctions

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dc.creatorWilson, Norbert
dc.date2017-04-01T16:43:34Z
dc.date.accessioned2026-07-09T08:03:35Z
dc.descriptionThis study investigates the Cup of Excellence coffee auctions and explains with behavioral economics observed intransitives in choice sets. Buyers are selecting lower quality coffees and paying higher prices for these coffees because they receive a higher rank. The estimates suggest that the representativeness and the framing heuristics explain the price premium for higher ranked coffees.
dc.identifierdoi:10.22004/ag.econ.170701
dc.identifierhttps://ageconsearch.umn.edu/record/170701/files/Coffee%20Quality%20AAEA%202014_Wilson.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/170701
dc.identifier.urihttp://hdl.handle.net/123456789/595134
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/170701
dc.titleWhen Higher Quality Does Not Translate to Higher Prices: A Case of Quality and Specialty Coffees from the Cup of Excellence Auctions
dc.typeText

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