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Provedor de dados:  AgEcon
País:  United States
Título:  Choosing Brands: Fresh Produce versus other Products
Autores:  Jin, Yanhong H.
Zilberman, David
Heiman, Amir
Data:  2005-05-17
Ano:  2005
Palavras-chave:  Consumer/Household Economics
Resumo:  This study presents a framework to analyze how uncertainty about product attributes affects consumers' WTP for brand name products over generic ones, incorporating key elements of a random utility model and product attribute models. We found that in comparison to electronics, clothing, and processed food, consumers buy brand name vegetables and fruits mainly because of quality uncertainty, and they can easily reduce uncertainty of product quality of fresh vegetables and fruits by seeing, touching, smelling, and tasting. Hence, consumers are less willing to pay for brands of fresh vegetables and fruits. However, simulation results show that brands of fresh fruits and vegetables may have a similar price premium as other products, but they lack the market share. Thus, the main challenge in building brands of fresh produce is to establish a critical mass. We also find that demographic information such as education and gender does affect consumers' WTP for brands.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  16431
Editor:  AgEcon Search
Relação:  American Agricultural Economics Association>2005 Annual meeting, July 24-27, Providence, RI
Selected Paper 134064
Formato:  17


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