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US Consumers' Willingness to Pay for Wool Product Attributes

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Listed:
  • Peterson, Hikaru Hanawa
  • Hustvedt, Gwendolyn
  • Chen, Yun-Ju (Kelly)

Abstract

Choice experiments were conducted to assess US consumer demand for woolproduct attributes. The average consumer's WTP was higher for US wool gloves compared to acrylic gloves. For Australian wool gloves, WTP was lower if consumers read information on husbandry practices. Demand for attributes varied across socioeconomic and psychographic characteristics.

Suggested Citation

  • Peterson, Hikaru Hanawa & Hustvedt, Gwendolyn & Chen, Yun-Ju (Kelly), 2008. "US Consumers' Willingness to Pay for Wool Product Attributes," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6747, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saeaed:6747
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    File URL: http://purl.umn.edu/6747
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    References listed on IDEAS

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    5. Ehmke, Mariah D., 2006. "International Differences in Consumer Preferences for Food Country-of-Origin: A Meta-Analysis," 2006 Annual meeting, July 23-26, Long Beach, CA 21193, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    7. Nadhem Mtimet & Luis Miguel Albisu, 2006. "Spanish wine consumer behavior: A choice experiment approach," Agribusiness, John Wiley & Sons, Ltd., vol. 22(3), pages 343-362.
    8. Frode Alfnes & Kyrre Rickertsen, 2003. "European Consumers' Willingness to Pay for U.S. Beef in Experimental Auction Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 396-405.
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    Cited by:

    1. Maples, McKenzie & Morgan, Kimberly L. & Harri, Ardian & Hood, Kenneth & Interis, Matthew, 2014. "Consumer Willingness to Pay for Environmental Production Attributes in Tomatoes: A Southeastern Consumer Survey," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162504, Southern Agricultural Economics Association.

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    Keywords

    Demand and Price Analysis;

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