We evaluate the impact of different types of information on participants' willingness-to-pay (WTP) and quantity choices for both beef and soy burger meat. To this end, we conducted a lab experiment to elicit WTP with multiple-price lists and chosen quantities of two products in a basket. Participants were provided with explanatory messages regarding the impact of beef and soy on health and environment before successive rounds of WTP determinations and quantity choices. Results show a weak impact of successive rounds of messages on WTP for both beef and soy, while leading to higher relative variations for chosen quantities. These relative changes in both WTP and quantities are then combined for computing the value of information. Results show a relatively low value of information compared to the expenditure for beef. In the last section of the paper we evaluate the effect of the introduction of a beef burger labeled “Fed without GMO” on WTP and quantity choices. Results underline a weak impact of “Fed without GMO” label on changing participants' preferences.
Inhalt
- Research Articles
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Erfordert eine Authentifizierung Nicht lizenziertChoosing Organic and Healthy Food in Times of Economic Uncertainty: Evidence from Panel Data Analysis in FranceLizenziert29. September 2018
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Erfordert eine Authentifizierung Nicht lizenziertMarket Structure of the Feed Industry in Germany: Causing Asymmetric Spatial Price Transmission?Lizenziert26. Juni 2018
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Erfordert eine Authentifizierung Nicht lizenziertThe Future of Demand for Food Away from Home and Prepared Food: Cohort and Age Effects in JapanLizenziert7. Juli 2018
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Erfordert eine Authentifizierung Nicht lizenziertNot Just for Money. Crowdfunding a New Tool of Open Innovation to Support the Agro-Food Sector. Evidences on the Italian MarketLizenziert4. April 2018
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Erfordert eine Authentifizierung Nicht lizenziertA Multi-objective Approach for Supply Chain Network Design: Tilapia Pisciculture in Paraná State - BrazilLizenziert26. Juni 2018