US Consumers' Willingness to Pay for Wool Product Attributes

Hikaru Peterson, Gwendolyn Hustvedt and Chen, Yun-Ju (Kelly)

No 6747, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: Choice experiments were conducted to assess US consumer demand for woolproduct attributes. The average consumer's WTP was higher for US wool gloves compared to acrylic gloves. For Australian wool gloves, WTP was lower if consumers read information on husbandry practices. Demand for attributes varied across socioeconomic and psychographic characteristics.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 28
Date: 2008
New Economics Papers: this item is included in nep-dcm
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaed:6747

DOI: 10.22004/ag.econ.6747

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