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Consumers and the Evolution of New Markets: The Case of the Ethical Foods

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  • Amanor-Boadu, Vincent
  • Schnitz, Casey

Abstract

Changes in consumer preferences have frequently created new markets for new products. This paper explores the antecedents of the changes in consumer preferences and the factors influencing the evolution of niche markets into commodity markets and its speed. The results show that the more embedded characteristics products have and more consumption is driven by attitude, the longer products are able to maintain their uniqueness and the slower their evolution to commodities.

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File URL: http://purl.umn.edu/6752
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Bibliographic Info

Paper provided by Southern Agricultural Economics Association in its series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas with number 6752.

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Date of creation: 2008
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Handle: RePEc:ags:saeaed:6752

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Related research

Keywords: Ethical consumers; New Markets; Consumer choice; Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics;

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  1. Auld, D A L, 1974. "Advertising and the Theory of Consumer Choice," The Quarterly Journal of Economics, MIT Press, vol. 88(3), pages 480-87, August.
  2. Richard G. Lipsey & Gideon Rosenbluth, 1971. "A Contribution to the New Theory of Demand: A Rehabilitation of the Giffen Good," Canadian Journal of Economics, Canadian Economics Association, vol. 4(2), pages 131-63, May.
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