Market Evidence of Packer Willingness to Pay for Traceability
AbstractThis article measures the willingness to pay for the traceability of steers. I use data on the price of steers in Quebec and Ontario to identify a demand shifter in a hedonic framework. I estimate error correction models to provide the first market-based econometric estimates of the willingness to pay for traceability. My best assessment is that a premium between C$0.02 and C$0.05 per pound of carcass (between 1.2% and 3.1%) is paid for traceable steers.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 33947.
Date of creation: 10 Jul 2011
Date of revision:
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
beef; cattle; packer; premium; quality; traceability;
Other versions of this item:
- Sébastien Pouliot, 2011. "Market Evidence of Packer Willingness to Pay for Traceability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 93(3), pages 735-751.
- Pouliot, Sebastien, 2011. "Market Evidence of Packer Willingness to Pay for Traceability," Staff General Research Papers, Iowa State University, Department of Economics 33965, Iowa State University, Department of Economics.
- D2 - Microeconomics - - Production and Organizations
- L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
- Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
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- Pendell, Dustin L. & Tonsor, Glynn T. & Dhuyvetter, Kevin C. & Brester, Gary W. & Schroeder, Ted C., 2013. "Evolving beef export market access requirements for age and source verification," Food Policy, Elsevier, Elsevier, vol. 43(C), pages 332-340.
- Saak, Alexander E., 2013. "Traceability and Reputation in Supply Chains," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C., Agricultural and Applied Economics Association 149988, Agricultural and Applied Economics Association.
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