By Ulrike Grote, Arnab K. Basu, Nancy H. Chau
This quantity offers a close examine labeling and its relation to the governance of world exchange. The booklet goals at bridging the study gaps regarding the hyperlink among shoppers’ conception of a label with their willingness to pay, the impression and the restrictions of labeling within the occasion of foodstuff protection risks, and the alternate and improvement dimensions of labeling. As such, this quantity opens a brand new frontier on concerns concerning the economics of labeling.
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Additional info for New Frontiers in Environmental and Social Labeling (Sustainability and Innovation)
Roe B, Levy AS, Derby BM (1999) The impact of health claims on consumer search and product evaluation outcomes: results from FDA experimental data. Journal of Public Policy and Management, 18(Spring): 89–105. Roe B, Sheldon IM (2002) The impacts of labelling on trade in goods that may be vertically differentiated according to quality. In: Bohman M, Caswell J, Krissoff B (eds) Global food trade and consumer demand for quality, Boston, MA: Kluwer/Plenum Academic Press. Ross W, Creyer EH (1992) Making inferences about missing information: the effects of existing information.
Consequently, I am able to isolate the impact of performance-based labeling on the WTP for labeled products. 10 The seafood labeling study of Gudmundssen and Wessels (2000) examines a specific form of performance-based labeling. In their product choice experiment, consumers evaluate products that are either sustainable or not. 44 Robert L. Hicks I investigate WTP for fair trade labeled coffee because it exhibits significant public goods properties. Buyers of fair trade products are purchasing something like a welfare assistance program in a foreign country for a select group of program participants.
There is a growing body of literature comparing revealed and stated preference methods showing that for many cases, parameter esti-ates across revealed and stated preference data are statistically equivalent (Swait et al. 1994, Adamowicz et al. 1994). These tests are seen as validity checks for the SPDC method so that policy guidance resulting from the SPDC model will be relevant for real-world application. 3 Data and Experimental Design To investigate how information impacts WTP for eco-labeled products, I conduct a split sample experiment.
New Frontiers in Environmental and Social Labeling (Sustainability and Innovation) by Ulrike Grote, Arnab K. Basu, Nancy H. Chau