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Assessing Korean Consumers’ Valuation for BSE Tested and Country of Origin Labeled Beef Products

Author

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  • Lee, Sang Hyeon
  • Lee, Ji Yong
  • Han, Doo Bong
  • Nayga, Rodolfo M. Jr.

Abstract

The objective of this study is to estimate Korean consumers’ willingness to pay (WTP) for beef products with BSE testing and country of origin labeling. We use a choice experiment to examine consumers’ valuation for beef products with these labels. In addition to analysis using the pooled sample, we also conduct sub-sample analyses based on consumers’ level of risk perception about beef consumption and selected socio-demographic characteristics. Results suggest that Korean consumers value BSE tested beef. They also have a preference for domestic beef vis-à-vis imported beef. When we conducted separate analysis between respondents who have low vs high risk perception about beef consumption, results suggest that those with high risk perception tend to value BSE testing more than country of origin labeling while those with low risk perception value country of origin labeling more than BSE testing. Moreover, results from separate analysis between respondents who have higher education vs lower education and between older vs younger respondents suggest that young or high educated respondents tend to value BSE testing and imported beef from countries which have not experienced BSE outbreaks more than do older or lower educated respondents.

Suggested Citation

  • Lee, Sang Hyeon & Lee, Ji Yong & Han, Doo Bong & Nayga, Rodolfo M. Jr., 2013. "Assessing Korean Consumers’ Valuation for BSE Tested and Country of Origin Labeled Beef Products," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149615, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea13:149615
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    References listed on IDEAS

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    2. Ji Yong Lee & Doo Bong Han & Rodolfo M. Nayga Jr & Song Soo Lim, 2011. "Valuing traceability of imported beef in Korea: an experimental auction approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 360-373, July.
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    Cited by:

    1. Adu-Gyamfi, Akua & Omer, Reem I. & Bartlett, Jannette R. & Tackie, David Nii O. & Perry, Bridget J., 2016. "Assessing Florida Consumer Attitudes and Beliefs about Locally or Regionally Produced Livestock and Products," Professional Agricultural Workers Journal (PAWJ), Professional Agricultural Workers Conference, vol. 4(1).

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    Keywords

    Willingness-to-Pay; BSE test label; Risk Perception; Country of Origin; Choice Experiment; Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Institutional and Behavioral Economics;

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