Response to Out of Stock Produce and its Underlying Economic Considerations

Jerrod Penn, Aristides Matopoulos and Lisa House

No 56487, 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida from Southern Agricultural Economics Association

Abstract: The goal of this research is to investigate consumer response to out-of-stock product in the produce category. We do this by comparing results from a survey conducted in Greece and the United States to previous research on consumer response to out-of-stock situations for other perishable and non-perishable products. We further examined the underlying economic reasoning as well as the cultural and physical differences between the United States and Greece as explanations of different reactions. Out of Stock produce response proved different in produce than in other perishables and non-perishables. There is some evidence that produce does follow previous the suggested economic reasoning from the previous research, especially within transaction costs. Finally, the respondent’s country proved very significant in dictating response.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 17
Date: 2010-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea10:56487

DOI: 10.22004/ag.econ.56487

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