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Japanese Consumers’ Perceptions on and Willingness to Pay for Credence Attributes Associated with Canola Oil AgEcon
Hu, Wuyang; Chen, Kevin Z.; Yoshida, Kentaro.
In this study we found that Japanese consumers value the conventional health claim “low in saturated fat” more than the relatively newer claims, such as “high in oleic acid.” In addition, consumers do not prefer oil with genetically modified ingredients or oil that is not domestically produced, but they are willing to pay extra for “organic” or “functional food” features. We also found that the scope and source of information on these credence attributes may also affect consumers’ choices and willingness to pay and that the effects may not be completely consistent with what one would expect.
Tipo: Journal Article Palavras-chave: Canola oil; Choice-based conjoint; Credence attributes; Japanese consumers; Willingness to pay; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; D12; Q13.
Ano: 2006 URL: http://purl.umn.edu/43751
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Valuing Attributes of Fluid Milk Using Choice-Based Conjoint Experimental Design AgEcon
Bai, Junfei; Wahl, Thomas I.; Wandschneider, Philip R..
A choice-based conjoint (CBC) experiment was employed to analyze Chinese consumers’ preferences for fluid milk defined by four choice attributes: production processing method, fat content level, taste, and price. The results from two analysis approaches (counting and multinomial logit models) indicated that Chinese consumers are willing to pay a premium for pasteurized, low fat content, and natural tasting milk, but that they require a discount for choosing ultra high temperature (UHT), high fat content, and flavored milk. In addition, this study estimated the trade-offs among attributes’ levels and simulated the effects of income on the probabilities of choosing attribute-specified milk.
Tipo: Conference Paper or Presentation Palavras-chave: China; Choice-based conjoint; Consumer economics; Milk attributes; Multinomial logit model; Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/9821
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