Willingness to Pay for Private Labels, National Brands, and Local Designations at the Retail Level
Ryan C. Bosworth,
DeeVon Bailey and
Kynda Curtis
No 152144, 2013 Conference (57th), February 5-8, 2013, Sydney, Australia from Australian Agricultural and Resource Economics Society
Abstract:
A shopper survey was conducted to determine willingness to pay for ice cream with different labels. A statistical analysis was conducted using stated choices by respondents. The randomized choices were 1) a local brand with or without an indication it had a Utah’s Own designation, 2) a local brand with and without a locally-produced designation, 3) a private label product , and 4) a national brand product. The results suggested that brands affect willingness to pay for ice cream. However, shoppers were willing to pay a significant positive amount more for ice cream with the local designations.
Keywords: Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Public Economics (search for similar items in EconPapers)
Pages: 42
Date: 2013-02
New Economics Papers: this item is included in nep-agr, nep-dcm, nep-ipr, nep-pr~ and nep-mkt
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare13:152144
DOI: 10.22004/ag.econ.152144
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