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The Value to Consumers of Health Labeling Statements on Breakfast Foods and Cereals AgEcon
Muth, Mary K.; Zhen, Chen; Taylor, Justin; Cates, Sheryl; Kosa, Katherine M.; Zorn, David; Choiniere, Conrad J..
Food manufacturers have an incentive to include nutrient content claims, health claims, or other types of labeling statements on foods if they believe that consumers will be willing to pay more for products with specific attributes. We estimated semi-log hedonic price regressions for five breakfast bar and cereal product categories using Nielsen ScanTrack scanner data for 2004 and found that labeling statements for these foods are often associated with substantial increases in consumer willingness to pay. The largest effects were associated with “carb-conscious” carbohydrate labeling (reflecting the time period of the data), followed by fat and sugar content labeling statements.
Tipo: Conference Paper or Presentation Palavras-chave: Labeling statements; Nutrient content claims; Health claims; Scanner data; Willingness to pay; Hedonic; Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2009 URL: http://purl.umn.edu/50333
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Consumer Willingness to Pay for "Second-Generation" Genetically Engineered Products and the Role of Marketing Information AgEcon
Rousu, Matthew C.; Monchuk, Daniel C.; Shogren, Jason F.; Kosa, Katherine M..
Environmental and consumer groups have called for mandatory labeling of genetically engineered (GE) food products in the United States, stating that consumers have the “right to know.” Herein, we use a nonhypothetical field experiment to examine the willingness to pay for GE-labeled products, using the only second-generation GE product currently on the U.S. market-GE cigarettes. Our results suggest consumers pay less for GE-labeled cigarettes when marketing information is absent. But, when presented with marketing information on the attributes of the cigarette, we find no evidence that consumers pay less for GE-labeled cigarettes.
Tipo: Journal Article Palavras-chave: Auctions; BDM mechanism; Cigarettes; Field experiment; Genetically engineered foods; Second-generation; C91; Q18.
Ano: 2005 URL: http://purl.umn.edu/43501
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