Consumers’ Willingness-to-Pay for Retail Branded Beef Products with Bundled Attributes

With a declining share of the domestic meat market, some beef producers are becoming more attentive to opportunities for value-added products tailored to the desires of certain consumer segments. Using a survey of St. Louis and Kansas City, Missouri meat consumers, this study investigates perceptions of and willingness-to-pay for various value-added attributes that could be supplied as retail branded beef products. Factor analysis identifies two alternative attribute bundles as branding strategies based on perceived importance and complementarity of attributes. Nonparametric procedures provide conservative estimates of willingness-to-pay. Parametric methods identify types of consumers willing to pay significantly higher premiums.


Issue Date:
Jul 26 2011
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/103609
PURL Identifier:
http://purl.umn.edu/103609
Total Pages:
26
JEL Codes:
Q13; Q15
Series Statement:
Selected Paper
13239




 Record created 2017-04-01, last modified 2019-08-26

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