Willingness to pay for pST‐treated pork

Abdelmoneim H. Elnagheeb, Wojciech J. Florkowski, Chung‐Liang Huang and Catherine Halbrendt

Agricultural Economics, 1992, vol. 8, issue 1, 45-56

Abstract: The progress in porcine somatotropin (pST) application justified an assessment of consumer acceptance of pST‐treated pork. A survey of the Atlanta metropolitan area, USA, collected information about consumer attitudes toward lean pork produced with biotechno‐logically developed pST. A qualitative dependent variable model was used to identify socioeconomic consumer characteristics influencing the willingness to pay for lean pork. The model was modified to account for the selectivity bias of the sample data. Results indicate that frequent pork consumers were willing to pay more for lean pork produced using pST in contrast to respondents who frequently ate beef, were older, and had relatively high income. Probabilities associated with the willingness to pay a specific premium were calculated. In general, the average respondent was willing to pay an additional 18¢ per kg of lean pork produced using pST.

Date: 1992
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1574-0862.1992.tb00230.x

Related works:
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:bla:agecon:v:8:y:1992:i:1:p:45-56

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0169-5150

Access Statistics for this article

Agricultural Economics is currently edited by W.A. Masters and G.E. Shively

More articles in Agricultural Economics from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().