Consumers’ Willingness to Pay for Eco-Certified Wood Products

Kimberly Jensen, Paul Jakus, Burton English and Robert Menard

No 2004-08, Working Papers from Utah State University, Department of Economics

Abstract: We use Kriström’s simple spike model to assess the factors influencing consumers’ willingness to pay a premium for a variety of certified wood products. A survey of over 1600 Pennsylvania and Tennessee residents found that approximately 35% were willing to pay some positive “premium” for environmentally certified wood products. For three types of wood products (a $28.80 shelf, a $199 chair, and a $799 table) we find the estimated market premiums to be $3.74, $15.94, and $45.07, respectively.

Keywords: eco-labeling; eco-certification; spike models; price premium (search for similar items in EconPapers)
JEL-codes: Q13 Q23 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2004-03
References: Add references at CitEc
Citations: View citations in EconPapers (13)

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https://repec.bus.usu.edu/RePEc/usu/pdf/ERI2004-08.pdf First version, 2004 (application/pdf)

Related works:
Journal Article: Consumers' Willingness to Pay for Eco-Certified Wood Products (2004)
Journal Article: Consumers' Willingness to Pay for Eco-Certified Wood Products (2004)
Working Paper: CONSUMERS' WILLINGNESS TO PAY FOR ECO-CERTIFIED WOOD PRODUCTS (2003)
Working Paper: Consumers’ Willingness to Pay for Eco-Certified Wood Products (2003)
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