Economic Benefits Coming from the Absence of Labels Proliferation
Stéphan Marette ()
Journal of Agricultural & Food Industrial Organization, 2014, vol. 12, issue 1, 65-73
Abstract:
In a lab experiment, two milk bottles with different levels of omega-3 were offered to participants for eliciting willingness to pay. We find that a simple message on the difference regarding the omega-3 content between bottles significantly impacts the participants’ willingness to pay for these bottles. The exit questionnaire also shows that participants would prefer the exclusive use of the omega-3 label posted on the bottle with the highest content in omega-3. From an interpretation of questionnaires and elicited willingness to pay, simulations show that the exclusive use of one label signaling omega-3 would have a positive impact on both profits and consumers’ surpluses.
Keywords: label; experiment; surplus estimation; information; certification (search for similar items in EconPapers)
JEL-codes: C91 D82 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)
Downloads: (external link)
https://doi.org/10.1515/jafio-2013-0014 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
Related works:
Working Paper: Economics benefits coming from the absence of labels proliferation (2014)
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:bpj:bjafio:v:12:y:2014:i:1:p:9:n:3
Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/jafio/html
DOI: 10.1515/jafio-2013-0014
Access Statistics for this article
Journal of Agricultural & Food Industrial Organization is currently edited by Azzeddine Azzam
More articles in Journal of Agricultural & Food Industrial Organization from De Gruyter
Bibliographic data for series maintained by Peter Golla ().