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Consumers' Willingness to Pay a Price for Organic Beef Meat AgEcon
Corsi, Alessandro; Novelli, Silvia.
The goal of this paper is to estimate the maximum price consumers are willing to pay (MPWTP) for organic beef meat. To this purpose, a theoretical and econometric approach is presented, based on the RUM model and on a Contingent Valuation technique. The results show that consumers' MPWTP is quite high, thus suggesting that organic beef meat might gain an appreciable market share. This is also an encouraging signal for prospective producers of organic meat, who might compensate the likely increase in production costs with a substantial premium for the new good.
Tipo: Conference Paper or Presentation Palavras-chave: Organic meat; Willingness to pay; Double bounded probit; Consumer/Household Economics.
Ano: 2002 URL: http://purl.umn.edu/24923
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Measuring Quantity-Constrained and Maximum Prices Consumers are Willing to Pay for Quality Improvements: the Case of Organic Beef Meat AgEcon
Corsi, Alessandro; Novelli, Silvia.
In this paper, models for estimating the maximum price consumers are willing to pay (MPWTP) for organic beef meat, and the maximum quantity-constrained price (i.e., when buying the same quantity they bought of regular meat) consumers are willing to pay (MQCP), are presented. To this purpose, the relevant theoretical and econometric approaches are presented, based on the RUM model and on a Contingent Valuation technique.
Tipo: Conference Paper or Presentation Palavras-chave: Organic meat; Willingness-to-pay; Double-bounded probit; Livestock Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/25900
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