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  6. An Examination of Consumer Willingness to Pay for Local Products

An Examination of Consumer Willingness to Pay for Local Products

File(s)
Adalja1_An_examination.pdf (790.39 KB)
Permanent Link(s)
https://hdl.handle.net/1813/72241
Collections
SHA Articles and Chapters
Author
Adalja, Aaron
Hanson, James
Towe, Charles
Tselepidakis, Elina
Abstract

We use data from hypothetical and nonhypothetical choice-based conjoint analysis to estimate willingness to pay for local food products. The survey was administered to three groups: consumers from a buying club with experience with local and grass-fed production markets, a random sample of Maryland residents, and shoppers at a nonspecialty Maryland supermarket. We find that random-sample and supermarket shoppers are willing to pay a premium for local products but view local and grass-fed production as substitutes. Conversely, buying-club members are less willing to pay for local production than the other groups but do not confllate local and grass-fed production.

Date Issued
2015-12-01
Keywords
beef
•
conjoint analysis
•
field experiment
•
grass-fed
•
local
•
willingness to pay
Rights
Required Publisher Statement: © Northeastern Agricultural and Resource Economics Association. Reprinted with permission. All rights reserved.
Type
article

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