Consumer Willingness to Pay for Low‐Pesticide Fresh Produce in Taiwan
Tsu‐Tan Fu,
Jin-Tan Liu and
James Hammitt
Journal of Agricultural Economics, 1999, vol. 50, issue 2, 220-233
Abstract:
Willingness to pay (WTP) for reductions in health risk associated with consuming pesticide residues on vegetables are estimated using the contingent valuation method with in‐person interviews of married females in Taiwan. Estimated median WTP for 25 per cent, 50 per cent and 90 per cent reductions in the risk of developing cancer from consuming pesticide residues on a popular Taiwanese vegetable, bok choy, are estimated as 46 per cent, 56 per cent and 75 per cent of the current price of bok choy, respectively. WTP is significantly related to the scope or magnitude of the risk reduction, although it varies less than proportionately to the risk increment. WTP is also significantly related to measures of consumer preferences for health.
Date: 1999
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https://doi.org/10.1111/j.1477-9552.1999.tb00809.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:50:y:1999:i:2:p:220-233
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