Journal ArticleDOI
Assessing consumer response to protected geographical identification labeling.
TLDR
In this article, a hedonic approach was used in order to calculate consumers' willingness to pay for fresh meat products that carry the Protected Geographical Identification label, “Galician Veal,” in Spain.Abstract:
Consumers' attitudes toward quality and desire for cultural identification have generated a growing demand for agricultural products that carry a strong identification with a particular geographical region. Many of these products are currently protected by European Legislation. A hedonic approach was used in order to calculate consumers' willingness to pay for fresh meat products that carry the Protected Geographical Identification label, “Galician Veal,” in Spain. The results indicate that if this label is present on high quality cuts of meat, one can obtain a premium up to a certain level of quality. The label is not significant for either quality extreme. Implications of these results and recommendations for the industry are discussed. © 2000 John Wiley & Sons, Inc.read more
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A choice experiment model for beef: What US consumer responses tell us about relative preferences for food safety, country-of-origin labeling and traceability
TL;DR: For example, this article found that consumers value certification of USDA food safety inspection more than any of the other choice set attributes, including country-of-origin labeling, traceability and tenderness.
Journal ArticleDOI
Decomposing Local: A Conjoint Analysis of Locally Produced Foods
TL;DR: This article used stated preference data from a choice-based conjoint instrument to address two issues surrounding consumer demand for locally produced goods: (1) what is the geographical extent of local, and (2) is the value consumers place on local production distinct from other factors that are often confounded with locally produced foods such as farm size and product freshness.
Posted Content
Discovering Niche Markets: A Comparison Of Consumer Willingness To Pay For A Local (Colorado Grown), Organic, And Gmo-Free Product
Maria L. Loureiro,Susan Hine +1 more
TL;DR: In this paper, the authors assess consumer preferences for local, organic, and GMO-free potatoes in order to discover their potential niche markets and compare the effects of different attributes on consumers' willingness to pay.
Journal ArticleDOI
Discovering Niche Markets: A Comparison of Consumer Willingness to Pay for Local (Colorado Grown), Organic, and GMO-Free Products
Maria L. Loureiro,Susan Hine +1 more
TL;DR: In this paper, the authors assess consumer preferences for local, organic, and GMO-free potatoes in order to discover their potential niche markets and compare the effects of different attributes on consumers' willingness to pay.
Journal ArticleDOI
Estimating Consumer Willingness to Pay for Country-of-Origin Labeling
TL;DR: A consumer survey was conducted during 2002 in several grocery stores in Boulder, Denver, and Fort Collins, Colorado as discussed by the authors, and the results indicated that surveyed consumers are willing to pay an average of $184 per household annually for a mandatory country-of-origin labeling program.
References
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Journal ArticleDOI
Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition
TL;DR: In this article, a theory of hedonic prices is formulated as a problem in the economics of spatial equilibrium in which the entire set of implicit prices guides both consumer and producer locational decisions in characteristics space.
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Free Competition and the Optimal Amount of Fraud
Michael R. Darby,Edi Karni +1 more
TL;DR: In this paper, the authors explore the reasons for and determinants of the provision by a firm of false information to a consumer so as to induce purchases which would not be made if the consumer possessed full information about the qualities of his purchase.
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The Statistical Theory of Racism and Sexism.
TL;DR: The theory of racial and sexual discrimination in the labor market was first introduced by Arrow as mentioned in this paper, who introduced the Inflation Policy and Unemployment Theory (INPT) and introduced the first formalization of the theory in terms of exact statistical models.
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Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand
TL;DR: In this article, the nature of the problem is discussed and the bandwagon effect and the snob effect are discussed. And the Veblen effect and mixed effects are discussed as well as the conclusion of the conclusion.
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A Theory of Collective Reputations (with applications to the persistence of corruption and to firm quality)
TL;DR: In this paper, a first attempt at modelling the idea of group reputation as an aggregate of individual reputations is presented, where the authors show that new members of an organization may suffer from an original sin of their elders long after the latter are gone, and derive necessary and sufficient conditions under which group reputations can be rebuilt.