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Conjoint analysis was used to quantify farmers' tradeoffs among the explicit and implicit attributes of the contracts.
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An implicit attribute, greater access to forestry and agroforestry extension, emerges as an important implicit attribute.
Section 2 briefly specifies the spanning property in the implicit markets for attributes, and by doing so, focus on the equilibrium state of a non-spanning economy where some attributes are external to the economy.
These conditions are otherwise called the spanning property (Leland [1977]) of the implicit market for attributes.
Moreover, accounting for second order interactions significantly altered the estimates of the implicit prices of attributes compared to the main effects specifications.
The implicit value of attributes, although not quite as efficient as the Lindahl price, is the necessary information for achieving economic efficiency.
Empirical results reveal not only the implicit values of service attributes but also the preference differences in attributes between business and non-business travelers.
In particular, implicit prices for quality attributes are determined not from a regression of variety price on a vector of quality attributes, but rather from a regression of quantity sold (adjusted for weeks of availability) on price and quality attributes.
Recommendations combine the most important product attributes with implicit user preference data to enhance the customer experience with easier choice justification.
A consumer's implicit valuation of the attributes are learned by the speculator and, eventually, by all providers through the consistent quality-price movement of the commodity.
In this paper, a model of quality adjusting process under non-spanning structure of implicit markets over the attributes is presented.
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