Consumers' assessment of labelled and packaged fresh potato: Evidence from Experimental Auctions

Julieta A. Rodriguez, Elsa Mirta M. Rodríguez and Beatriz Lupín

Nülan. Deposited Documents from Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación

Abstract: Worldwide, the potato is the third more important crop, coming after wheat and rice. In Argentina, it is the horticultural product with the highest consumption in fresh state, but Argentine consumers know little to nothing about potatoes attributes. The objective of this research is to identify the attributes that influence the assessment that consumers make of a potato with differentiated quality. Due to this, a Vickrey Second Price Experimental Auction took place in April 2017. The experiment involved 155 participants, who were students and employees of the School of Economic and Social Sciences of the National University of Mar del Plata. A Multiple Correspondence Analysis was applied based on the data of the bids and the survey carried out at the Auction. The main results showed that the participants, after receiving information about the culinary aptitude of the differentiated potato and its production method - its lower content of agrochemicals -, were willing to pay a higher price for the product. Additionally, participants opted for a higher price of potato when it was presented in a labelled package. Likewise, an identify group of participants were shown to be willing to pay more for this differentiated food.

Keywords: Experimentos de Elección; Preferencias del Consumidor; Atributos de Calidad; Papa; Disposición a Pagar; Argentina; 2017 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-agr and nep-exp
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Citations: View citations in EconPapers (1)

Published in Economia Agro-Alimentare/Food Economy, 22(3), 2020, pp. 1-19

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Persistent link: https://EconPapers.repec.org/RePEc:nmp:nuland:3456

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