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The economic value of food labels: A lab experiment on safer infant milk formula AgEcon
Goldberg, Isabell; Roosen, Jutta; Nayga, Rodolfo M., Jr..
Enterobacter sakazakii, a pathogen that can be found in powdered infant milk formula, can cause adverse health effects on infants. Using Vickrey auction, this study examines parents' willingness to pay (WTP) for a quality assurance label on powdered infant milk formula. The influence of ambiguity with the incidence rate information and provision of safe-handling information on WTP are also evaluated using three experiments/treatments. The mean price premium parents are willing to pay for the safer and quality assurance labelled powdered infant milk formula ranges from 61 to 133 Eurocents per 100 grams depending on the treatment. While no ambiguity effects are generally found, provision of safe-handling information has a significant influence on WTP. When...
Tipo: Conference Paper or Presentation Palavras-chave: Ambiguity; Food Safety; Health Risk Information; Lab Experiment; Powdered Infant Milk Formula; Food Consumption/Nutrition/Food Safety.
Ano: 2006 URL: http://purl.umn.edu/10064
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Parental Response to Health Risk Information: A Lab Experiment on Evaluating Willingness-to-Pay for Safer Infant Milk Formula AgEcon
Goldberg, Isabell; Roosen, Jutta; Nayga, Rodolfo M., Jr..
Enterobacter sakazakii, a pathogen that can be found in powdered infant milk formula, can cause adverse health effects on infants. Using Vickrey auction, this study examines parents' willingness to pay (WTP) for a quality assurance label on powdered infant milk formula. The influence of ambiguity with the incidence rate information and provision of safe-handling information on WTP are also evaluated using three experiments/treatments. Results generally suggest that parents are willing to pay for quality assurance label. The mean price premium parents are willing to pay for the safer and quality assurance labelled powdered infant milk formula ranges from 61 to 133 Eurocents per 100 grams depending on the treatment. While no ambiguity effects are generally...
Tipo: Conference Paper or Presentation Palavras-chave: Ambiguity; Food Safety; Health Risk Information; Lab Experiment; Powdered Infant Milk Formula; Willingness-to-Pay; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; D18; D80; I12; Q18.
Ano: 2006 URL: http://purl.umn.edu/25672
Registros recuperados: 2
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