Do native and invasive labels affect consumer willingness to pay for plants? Evidence from experimental auctions
AbstractThe ultimate objective of commercial horticultural activities is to satisfy the needs of the final consumer. Consumer demand for novel plants drives the ornamental plant industry. Therefore, dispersal of native and invasive horticultural plants can be understood by considering the decisions/choices of consumers who decide which plants to purchase from retailers. In contrast to previous studies on invasive and native plants, this study uses an experimental auction to elicit consumersâ willingness to pay (WTP) for labeled native and invasive attributes. Results from a censored random effect model show that consumersâ WTP for plants decreases when the plants are labeled as invasive and increases when plants are labeled as native. The study finds that consumers discount an invasive attribute more for native than for non-native plants. Consumersâ sociodemographics and attitudesâage, income, gender, concern about environment, interest in plant quality, ease of care and sensitivity to priceâsignificantly alter consumerâs WTP for native and invasive attributes. The implications of this study are notable given the consumersâ increasing concern about the environment and recent debate over sustainable labeling of plants by the horticulture industry.
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Bibliographic InfoArticle provided by International Association of Agricultural Economists in its journal Agricultural Economics.
Volume (Year): 42 (2011)
Issue (Month): 2 (03)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0169-5150
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Other versions of this item:
- Yue, Chengyan & Hurley, Terrance M. & Anderson, Neil O., 2009. "Do Native and Invasive Labels Affect Consumer Willingness to Pay for Plants? Evidence from Experimental Auctions," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49212, Agricultural and Applied Economics Association.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Consumer Willingness to Pay for Genetically Modified Food Labels in a Market with Diverse Information: Evidence from Experimental Auctions,"
Staff General Research Papers
12256, Iowa State University, Department of Economics.
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