The Relative Importance of Search versus Credence Product Attributes: Organic and Locally Grown
Ferdinand F. Wirth,
John L. Stanton and
James B. Wiley
Agricultural and Resource Economics Review, 2011, vol. 40, issue 1, 48-62
Abstract:
Organic foods and local foods have come to the forefront of consumer issues, due to concerns about nutrition, health, sustainability, and food safety. A conjoint analysis experiment quantified the relative importance of, and trade-offs between, apple search and experience attributes (quality/blemishes, size, flavor), credence attributes (conventional vs. organic production method, local origin vs. product of USA vs. imported), and purchase price when buying apples. Quality is the most important apple attribute. Production method—organic versus conventional—had no significant impact on preferences.
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:cup:agrerw:v:40:y:2011:i:01:p:48-62_00
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