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We estimate the implicit prices consumers are willing to pay for country of origin labels, using hedonic price models and panel data on retail meat purchases in the United Kingdom (UK). We find that consumers place a significant value on the origin information, especially since the horsemeat incident in 2013. Both the horsemeat incident and resulting consumer response raise questions about the balance between mandatory and voluntary labelling. There is also the potential for unintended consequences for meat industry competitiveness and trade, which may affect consumer welfare negatively.

Keywords: Consumer Preference ; Hedonic Price ; Meat ; Origin Labelling

Subject(s): Agricultural and Food Policy

Consumer/Household Economics

Issue Date: 2016-04

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/236353

Total Pages: 26

JEL Codes: D120 Consumer Economics

Record appears in: Agricultural Economics Society > 90th Annual Conference, April 4-6, 2016, Warwick University, Coventry, UK

Autor: Hussein, Mohamud ; Fraser, Iain ; Costanigro, Marco

Fuente: http://ageconsearch.umn.edu/record/236353?ln=en

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