Milk by Any Other Name... Consumer Benefits from Labeled Milk
Tirtha Dhar (tdhar@uoguelph.ca) and
Jeremy Foltz
No 201547, Working Papers from University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group
Abstract:
This article uses revealed preferences of consumers to study the consumer benefits from rBST-free and organic labeled milk. The article specifies and estimates a quadratic AIDS demand system model for different milk types using US supermarket scanner data. The introduction of rBST-free and organic milk is used to estimate consumer benefits, which are decomposed into two components, competitive and variety effects. Results show significant consumer benefits from organic milk and to a lesser extent from rBST-free milk. Based on the findings, we explore implications for present U.S. labeling standards.
Keywords: Food Consumption/Nutrition/Food Safety; Research and Development/Tech Change/Emerging Technologies; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 30
Date: 2004-06-15
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Citations: View citations in EconPapers (20)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwfswp:201547
DOI: 10.22004/ag.econ.201547
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