2013
DOI: 10.1080/08974438.2013.724002
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Consumers' Willingness to Pay for Locally Produced Ground Beef: A Case Study of the Rural Northern Great Plains

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Cited by 19 publications
(12 citation statements)
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“…Based on the differences between our results and an earlier study by Chang et al (2013), we recommend that future studies on the costs and WTP of beef products focus on a particular beef cut and on a small geographic location in order to generate results that are more precise and to avoid heterogeneity issues. In addition, our study results indicate that consumers with some specific characteristics are more likely to pay higher premiums for locally produced steaks.…”
Section: Discussioncontrasting
confidence: 40%
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“…Based on the differences between our results and an earlier study by Chang et al (2013), we recommend that future studies on the costs and WTP of beef products focus on a particular beef cut and on a small geographic location in order to generate results that are more precise and to avoid heterogeneity issues. In addition, our study results indicate that consumers with some specific characteristics are more likely to pay higher premiums for locally produced steaks.…”
Section: Discussioncontrasting
confidence: 40%
“…Of particular note, Table 4 indicates that consumers' preference and WTP for specific product attributes can vary significantly even for products within the same category. Compared to our study results, Chang et al (2013) conducted a survey study in South Dakota and found that consumers in supermarkets obtained the highest WTP to reduce fat content (instead of improving color and juiciness) for ground beef.…”
Section: Journal Ofmentioning
confidence: 99%
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“…where δ(β) is the joint density function for the random parameter β (Hu et al 2009;Chang et al 2012). Willingness to pay (WTP) estimates the amount of money an individual consumer is willing to give up to exchange for benefits of a specific product attribute.…”
Section: Methodsmentioning
confidence: 99%
“…Willingness to pay (WTP) estimates the amount of money an individual consumer is willing to give up to exchange for benefits of a specific product attribute. According to Lusk and Norwood (2005), Mayen et al (2007) and Chang et al (2012), WTP can be computed using:…”
Section: Methodsmentioning
confidence: 99%