Determining South African consumers’ willingness to pay for certified Karoo lamb: An application of an experimental auction
K. van Zyl,
H. Vermeulen and
Johann Kirsten
Agrekon, 2013, vol. 52, issue 4, 1-20
Abstract:
Changes in the features of food demand and consumption have moved from the mass consumption model towards an increasing qualitative differentiation of products and demand. This movement towards addressing consumers’ demand for food products with more advanced quality attributes has led to increasingly complex food qualification processes and a proliferation of standards. Accompanying these changes in the agro-food system is a growing consumer concern for food safety and quality. One important attribute of “quality” is the origin of a food product. This paper focuses on lamb originating from the Karoo region of South Africa and tests consumers’ willingness to pay a premium for this specific origin attribute of the product. A random nth price auction was conducted to obtain willingness to pay estimates for a premium on a 500g packet of certified Karoo lamb loin chops. Various demographic and behavioural variables were linked to participants’ individual bids in order to determine the possible influence of these variables on participants’ bidding behaviour. A general positive willingness to pay for certified Karoo lamb was observed, with an average premium of R21.80/ kg recorded for loin chops. The impact of additional information was clearly visible as bids increased substantially after additional information regarding the product was introduced.
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (4)
Downloads: (external link)
http://hdl.handle.net/10.1080/03031853.2013.847030 (text/html)
Access to full text is restricted to subscribers.
Related works:
Journal Article: Determining South African consumers’ willingness to pay for certified Karoo lamb: An application of an experimental auction (2013) 
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:taf:ragrxx:v:52:y:2013:i:4:p:1-20
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/ragr20
DOI: 10.1080/03031853.2013.847030
Access Statistics for this article
Agrekon is currently edited by A. Jooste, National Agricultural Marketing Council
More articles in Agrekon from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().