How Much are Consumers Paying for Organic Baby Food?
Travis Smith,
Chung L. Huang and
Biing-Hwan Lin
No 46748, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association
Abstract:
Using retail purchase data, price premiums and discounts associated with household demographics, market factors, and product attributes (focusing on the organic attribute for strained baby food) are estimated using a hedonic pricing model. Results suggest that the organic premium ranges from about 12 to 49 percent in 2004 and from 30 to 52 percent in 2006. Tests for significant changes relative to product attributes show that while the price of conventional baby food has stayed relatively the same, the premium for organic baby food has increased.
Keywords: Consumer/Household Economics; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 21
Date: 2009
New Economics Papers: this item is included in nep-agr, nep-mic and nep-mkt
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46748
DOI: 10.22004/ag.econ.46748
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