CONSUMERS' WILLINGNESS TO PAY FOR ECO-CERTIFIED WOOD PRODUCTS

Kimberly Jensen and Paul Jakus

No 22159, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We use Kriström's simple spike model to assess the factors influencing consumers' willingness to pay a premium for a variety of certified wood products. A survey of over 1600 Pennsylvania and Tennessee residents found that approximately 35% were willing to pay some positive "premium" for environmentally certified wood products. For three types of wood products (a $29 shelf, a $200 chair, and a $800 table) we find the estimated market premiums to be 12.9%, 8.5%, and 2.8%, respectively.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 22
Date: 2003
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Consumers' Willingness to Pay for Eco-Certified Wood Products (2004)
Journal Article: Consumers' Willingness to Pay for Eco-Certified Wood Products (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22159

DOI: 10.22004/ag.econ.22159

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