Estimating Consumer Willingness to Pay for Country-of-Origin Labeling

Maria Loureiro and Wendy Umberger

Journal of Agricultural and Resource Economics, 2003, vol. 28, issue 2, 15

Abstract: Consumer willingness to pay for a mandatory country-of-origin labeling program is assessed. A consumer survey was conducted during 2002 in several grocery stores in Boulder, Denver, and Fort Collins, Colorado. Econometric results indicate that surveyed consumers are willing to pay an average of $184 per household annually for a mandatory country-of-origin labeling program. Respondents were also willing to pay an average of $1.53 and $0.70 per pound more for steak and hamburger labeled as "U.S. Certified Steak" and "U.S. Certified Hamburger," which is equivalent to an increase of 38% and 58%, respectively, over the initial given price.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (131)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31091

DOI: 10.22004/ag.econ.31091

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