An Examination of Consumer Willingness to Pay for Local Products
Aaron Adalja,
James Hanson,
Charles Towe (charles.towe@uconn.edu) and
Elina Tselepidakis
No 150505, 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association
Abstract:
This paper uses stated and revealed preference data from a choice-based conjoint survey instrument to estimate willingness to pay for distance-based local food products. The survey was administered to three different groups of respondents: members of a consumer buying club, a random sample of Maryland residents, and suburban Maryland grocery store shoppers. We find that both the random sample of Maryland residents and the grocery store shoppers are willing to pay a premium for local products, but view locality and production method as substitutes. Conversely, more selective shoppers, members of a consumer buying club, are willing to pay less for local than their counterparts, but do not conflate local with other premium attributes, such as grass-fed production.
Keywords: Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 33
Date: 2013-06-03
New Economics Papers: this item is included in nep-dcm
References: Add references at CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
https://ageconsearch.umn.edu/record/150505/files/A ... ocalGrassfedBeef.pdf (application/pdf)
Related works:
Journal Article: An Examination of Consumer Willingness to Pay for Local Products (2015) ![Downloads](/downloads_econpapers.gif)
Journal Article: An Examination of Consumer Willingness to Pay for Local Products (2015) ![Downloads](/downloads_econpapers.gif)
Working Paper: An Examination of Consumer Willingness to Pay for Local Products (2014) ![Downloads](/downloads_econpapers.gif)
Working Paper: An Examination of Consumer Willingness to Pay for Local Products (2014) ![Downloads](/downloads_econpapers.gif)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea13:150505
DOI: 10.22004/ag.econ.150505
Access Statistics for this paper
More papers in 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).