Market Evidence of Packer Willingness to Pay for Traceability

Sebastien Pouliot ()

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: This article measures the willingness to pay for the traceability of steers. I use data on the price of steers in Quebec and Ontario to identify a demand shifter in a hedonic framework. I estimate error correction models to provide the first market-based econometric estimates of the willingness to pay for traceability. My best assessment is that a premium between C$0.02 and C$0.05 per pound of carcass (between 1.2% and 3.1%) is paid for traceable steers.

Keywords: beef; cattle; packer; premium; quality; traceability (search for similar items in EconPapers)
JEL-codes: D2 L15 Q18 (search for similar items in EconPapers)
Date: 2011-04-17
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (6)

Published in American Journal of Agricultural Economics, April 2011, vol. 93 no. 3, pp. 735-751

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http://ajae.oxfordjournals.org/content/93/3/739.full.pdf+html

Related works:
Journal Article: Market Evidence of Packer Willingness to Pay for Traceability (2011)
Working Paper: Market Evidence of Packer Willingness to Pay for Traceability (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:33965

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