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Japanese Consumers' Perceptions on and Willingness to Pay for Credence Attributes Associated with Canola Oil

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  • Hu, Wuyang
  • Chen, Kevin
  • Yoshida, Kentaro

Abstract

In this study we found that Japanese consumers value the conventional health claim “low in saturated fat” more than the relatively newer claims, such as “high in oleic acid.” In addition, consumers do not prefer oil with genetically modified ingredients or oil that is not domestically produced, but they are willing to pay extra for “organic” or “functional food” features. We also found that the scope and source of information on these credence attributes may also affect consumers' choices and willingness to pay and that the effects may not be completely consistent with what one would expect.

Suggested Citation

  • Hu, Wuyang & Chen, Kevin & Yoshida, Kentaro, 2006. "Japanese Consumers' Perceptions on and Willingness to Pay for Credence Attributes Associated with Canola Oil," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 38(1), pages 91-103, April.
    • Handle: RePEc:cup:jagaec:v:38:y:2006:i:01:p:91-103_02
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    Cited by:

    1. Zheng, Qiujie & Nayga, Rodolfo M. Jr. & Yang, Wei & Tokunaga, Kanae, 2022. "Do U.S. consumers value genetically modified farmed salmon?," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322154, Agricultural and Applied Economics Association.
    2. Rajković, Borislav & Đurić, Ivan & Zarić, Vlade & Glauben, Thomas, 2021. "Gaining trust in the digital age: The potential of social media for increasing the competitiveness of small and medium enterprises," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(4).

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