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Consumer Willingness-to-Pay for Fresh Pork Attributes AgEcon
Sanders, Dwight R.; Moon, Wanki; Kuethe, Todd H..
A survey was used to gauge consumer preferences toward four fresh pork attributes: juiciness, tenderness, marbling, and leanness. The survey elicited consumer willingness-to-pay a premium for an improvement in these attributes. Approximately one-half of the respondents were willing to pay some premium for the attributes of juiciness, leanness, and tenderness. The average premium size ranged from $0.20/lb. for marbling to $0.37/lb. for tenderness. Neither the choice of a certifying agency nor the use of a cheap talk script influenced premium levels.
Tipo: Journal Article Palavras-chave: Pork attributes; Pork markets; Willingness to pay; Agribusiness; Marketing.
Ano: 2007 URL: http://purl.umn.edu/62294
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PRICE TRANSMISSION, THRESHOLD BEHAVIOR, AND ASYMMETRIC ADJUSTMENT IN THE U.S. PORK SECTOR AgEcon
Goodwin, Barry K.; Harper, Daniel C..
The US pork sector has experienced many significant structural changes in recent years. Such changes may have influenced price dynamics and transmission of shocks through marketing channels. We investigate linkages among farm, wholesale, and retail markets using weekly price data for the period covering 1987 through 1998. Our analysis uses a threshold cointegration model that permits asymmetric adjustment to positive and negative price shocks. Our results reveal important asymmetries. Our results are consistent with existing literature which has determined that price adjustment patterns are unidirectional and that information tends to flow from farm, to wholesale, to retail markets.
Tipo: Journal Article Palavras-chave: Asymmetric price transmission; Vertical price transmission; Error correction; Thresholds; Pork markets; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2000 URL: http://purl.umn.edu/15308
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