Chinese Preferences for Farmed vs. Wild Bear Bile
Author Information
Author(s): Dutton Adam J., Hepburn Cameron, Macdonald David W.
Primary Institution: University of Oxford
Hypothesis
How does the availability of farmed bear bile affect the demand for wild bear bile among the Chinese population?
Conclusion
Many Chinese consumers prefer wild bear bile over farmed bear bile, indicating that farming may not significantly reduce demand for wild bile.
Supporting Evidence
- Respondents showed a clear preference for wild bear bile over farmed bile.
- The introduction of farmed bear bile may actually increase demand for wild bear bile at certain price points.
- Cross price elasticity of wild bear bile with farmed bear bile was found to be inelastic.
Takeaway
People in China like wild bear bile more than farmed bear bile, even though farmed bile is cheaper and more available.
Methodology
The study used stated preference techniques to estimate demand functions for wild bear bile with and without competition from farmed bear bile.
Potential Biases
The study may not accurately represent the preferences of the entire Chinese population due to sampling bias.
Limitations
The sample was biased towards better educated and wealthier respondents than the overall Chinese population.
Participant Demographics
The sample included a higher proportion of educated and wealthier individuals compared to the general population.
Statistical Information
P-Value
<0.0001
Statistical Significance
p<0.05
Digital Object Identifier (DOI)
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