• AAEA Talks

July 31, 2018

Time: 10–11:30 a.m. Monday, Aug. 6
Location: Park Tower Room 8219 - Session #1007, titled "Willingness to Pay for Attributes of U.S. Foods"

Abstract

Despite growing participation in and support for local food markets by consumers, farmers, and government policies, value-based food economies are not well understood. We utilize weekly sales data from a natural foods retailer in combination with a unique collected dictionary of all labeled product attributes to estimate implicit price premiums and demand for local, value-added food products in two product categories. Controlling for a large number of labels and product claims, a hedonic price model indicates that there is a small positive premium for preserves and some baked goods with a local place of origin specified on its packaging.

*This is information about one of the 17 people from ARE with a presentation at the 2018 AAEA Annual Meeting Aug. 5–7 in Washington, D.C.

More News

• 
  Jeff Hadachek: 2022 ARE Scott McNiven Community Service Award
• 
  ARE Researchers Author New Report Examining the Economic Impacts of 2018 E. Coli Outbreak in the Romaine Lettuce Industry
• 
  Annual ARE Faculty-Grad Student Ski Day Held at Alpine Meadows