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How Do Restaurants Benefit from Various Components of a Regional Promotion Campaign? AgEcon
Xie, Ran; Isengildina-Massa, Olga; Carpio, Carlos E..
This study analyses the economic value of various components of the Certified South Carolina Grown Campaign from the perspective of participating restaurants. A stated-preference choice experiment was conducted as part of the restaurant survey to estimate the willingness to pay (WTP) for each campaign component using a mixed logit model. Individual level WTP was calculated in order to explore the relationship between WTP and characteristics of restaurants. Results indicate that three existing components--Labeling, Multimedia Advertising, and "Fresh on the Menu" have significant positive economic value.
Tipo: Presentation Palavras-chave: WTP; Mixed Logit Model; SUR Model; Discrete Choice Model; Agribusiness; Agricultural and Food Policy; Political Economy; Production Economics; Research Methods/ Statistical Methods.
Ano: 2012 URL: http://purl.umn.edu/123921
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