Implicit Prices of Sustainability Characteristics in Foods: the Case of the German Online Market for Honey
K. Bissinger and
No 277079, 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists
Sustainability characteristics play an increasing role in food markets. At least some consumers are willing to pay a price for organic or regional production, animal welfare or fairtrade. In order to analyze implicit prices of sustainability characteristics, it is important to go beyond consumer studies as such characteristics do affect marginal costs as well. We employ a hedonic price analysis in order to compare price premia of very different sustainability characteristics on the German online market for honey. Honey is particularly interesting as it is perceived as a natural product and regional and organic production competes, e.g., with fairtrade products from developing countries. It is striking that consumer prices for honey contain positive as well as negative implicit prices for sustainability characteristics. Apparently, consumer valuation in terms of the marginal willingness to pay as well as marginal costs differ strongly across the sustainability characteristics. Acknowledgement :
Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae18:277079
Access Statistics for this paper
More papers in 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().