The Biggest Bang for the Buck: Valuation of Various Components of a Regional Promotion Campaign by Participating Restaurants

Ran Xie, Olga Isengildina-Massa and Carlos Carpio
Authors registered in the RePEc Author Service: Olga Isengildina Massa

Journal of Agricultural and Applied Economics, 2014, vol. 46, issue 2, 16

Abstract: This study examined how various components of the Certified South Carolina campaign are valued by participating restaurants. A choice experiment was conducted to estimate the average willingness to pay (WTP) for each campaign component using a mixed logit model. Three existing campaign components—Labeling, Multimedia Advertising, and the ‘‘Fresh on the Menu’’ program—were found to have a significant positive economic value. Results also revealed that the type of restaurant, the level of satisfaction with the campaign, and the factors motivating participation significantly affected restaurants’ WTP for the campaign components.

Keywords: Agribusiness; Marketing; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Journal Article: The Biggest Bang for the Buck: Valuation of Various Components of a Regional Promotion Campaign by Participating Restaurants (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:169050

DOI: 10.22004/ag.econ.169050

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