Font Size: a A A

Product attributes and consumer willingness to pay for environmental management systems in agriculture: Using the choice modeling technique

Posted on:2006-03-06Degree:M.ScType:Thesis
University:McGill University (Canada)Candidate:Straub, Matthew Otto RobertFull Text:PDF
GTID:2459390005497966Subject:Economics
Abstract/Summary:
Consumer concerns in food purchasing contain a number of elements, including food safety, environment, animal welfare, and other socially related issues. The purpose of this study was to examine consumer perceptions of the potential benefits of products that are produced using an environmental management system (EMS) in agriculture, and identify those factors that influence choice. The choice modeling technique uses consumer preferences to estimate Montrealers' willingness to pay (WTP) for production practices that decrease the impacts on the environment, as well as for other potential benefits of EMS production. Results indicate that consumers are willing to pay a price premium for these environmental benefits. This could provide a justification for government to support certification and labeling programs.
Keywords/Search Tags:Consumer, Environmental, Pay, Choice
Related items