Are Eco-Labels Valuable? Evidence From The Apparel Industry
Using U.S. apparel catalogue data, we estimate hedonic price functions to identify market valuation of environmental attributes of apparel goods. We identify a significant and robust premium for the organic fibers embodied in the apparel goods. We find an additional organic premium for baby items. However, we do not find evidence of a premium for environment-friendly dyes. We further investigate the pricing behavior of apparel suppliers for potential departure from competitive pricing of this environmental attribute and find no evidence different premium across firms, suggesting price-taking behavior in the environmental attribute space.
|Date of creation:||1998|
|Date of revision:|
|Contact details of provider:|| Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202|
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page: http://www.aaea.org
More information through EDIRC
References listed on IDEAS
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.:
- Feenstra, Robert C, 1995.
"Exact Hedonic Price Indexes,"
The Review of Economics and Statistics,
MIT Press, vol. 77(4), pages 634-53, November.
- Robert C. Feenstra, 1995. "Exact Hedonic Price Indexes," NBER Working Papers 5061, National Bureau of Economic Research, Inc.
- Feenstra, R.C., 1995. "Exact Hedonic Price Indexes," Department of Economics 95-11, California Davis - Department of Economics.
- Feenstra, R.C., 1995. "Exact Hedonic Price Indexes," Papers 95-11, California Davis - Institute of Governmental Affairs.
- Raymond B. Palmquist & Fritz M. Roka & Tomislav Vukina, 1997.
"Hog Operations, Environmental Effects, and Residential Property Values,"
University of Wisconsin Press, vol. 73(1), pages 114-124.
- Raymond B. Palmquist & Fritz M. Roka & Tomislav Vukina, . "Hog Operations, Environmental Effects, and Residential Property Values," Working Paper Series 12, North Carolina State University, Department of Economics.
- Michaels, R. Gregory & Smith, V. Kerry, 1990. "Market segmentation and valuing amenities with hedonic models: The case of hazardous waste sites," Journal of Urban Economics, Elsevier, vol. 28(2), pages 223-242, September.
- Robert C. Feenstra & James A. Levinsohn, 1995. "Estimating Markups and Market Conduct with Multidimensional Product Attributes," Review of Economic Studies, Oxford University Press, vol. 62(1), pages 19-52.
- Daniel M. G. Raff & Manuel Trajtenberg, 1996.
"Quality-Adjusted Prices for the American Automobile Industry: 1906-1940,"
in: The Economics of New Goods, pages 71-108
National Bureau of Economic Research, Inc.
- Daniel M.G. Raff & Manuel Trajtenberg, 1995. "Quality-Adjusted Prices for the American Automobile Industry: 1906-1940," NBER Working Papers 5035, National Bureau of Economic Research, Inc.
- Raff, D.M.G. & Trajtenberg, M., 1995. "Quality Adjusted Prices for the American Automobile Industry: 1906-1940," Papers 10-95, Tel Aviv.
- Halvorsen, Robert & Palmquist, Raymond, 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations," American Economic Review, American Economic Association, vol. 70(3), pages 474-75, June.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
- Osborne, Laura L. & Smith, V. Kerry, 1996. "Environmental Amenities as Sources for Product Differentiation and Market Power," Working Papers 96-08, Duke University, Department of Economics.
- Phil Graves & James C. Murdoch & Mark A. Thayer & Don Waldman, 1988. "The Robustness of Hedonic Price Estimation: Urban Air Quality," Land Economics, University of Wisconsin Press, vol. 64(3), pages 220-233.
- Teisl, Mario F. & Roe, Brian & Hicks, Robert L., 2002. "Can Eco-Labels Tune a Market? Evidence from Dolphin-Safe Labeling," Journal of Environmental Economics and Management, Elsevier, vol. 43(3), pages 339-359, May.
- Kennedy, Peter E, 1981. "Estimation with Correctly Interpreted Dummy Variables in Semilogarithmic Equations [The Interpretation of Dummy Variables in Semilogarithmic Equations]," American Economic Review, American Economic Association, vol. 71(4), pages 801, September.
- Cropper, Maureen L & Deck, Leland B & McConnell, Kenneth E, 1988. "On the Choice of Functional Form for Hedonic Price Functions," The Review of Economics and Statistics, MIT Press, vol. 70(4), pages 668-75, November.
When requesting a correction, please mention this item's handle: RePEc:ags:aaea98:21016. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.