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Consumer Preferences for Fair Trade Foods: Implications for Trade Policy

Author

Listed:
  • Matthew C. Rousu
  • Jay R. Corrigan

Abstract

Policymakers are considering including stricter standards in international trade agreements. Using auctions to assess preferences, we find that the median consumer places no premium on fair trade foods produced under more stringent labor and environmental standards. This indicates that current trade policies may be preferable to U.S. consumers.

Suggested Citation

  • Matthew C. Rousu & Jay R. Corrigan, 2008. "Consumer Preferences for Fair Trade Foods: Implications for Trade Policy," Working Papers 0803, Kenyon College, Department of Economics.
  • Handle: RePEc:ken:wpaper:0803
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    File URL: http://economics.kenyon.edu/corrigan/publications/Consumer%20Preferences%20for%20Fair%20Trade%20Foods.pdf
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    Cited by:

    1. Corrigan, Jay R. & Rousu, Matthew C., 2011. "Do Practice Rounds Bias Experimental Auction Results?," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103707, Agricultural and Applied Economics Association.
    2. repec:bla:jconsa:v:51:y:2017:i:2:p:312-328 is not listed on IDEAS
    3. Corrigan, Jay R. & Rousu, Matthew C., 2008. "Testing Whether Field Auction Experiments Are Demand Revealing in Practice," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(2), August.
    4. Jason E. Taylor & Vigdis Boasson, 2014. "Who Buys Fair Trade and Why (or Why Not)? A Random Survey of Households," Journal of Consumer Affairs, Wiley Blackwell, vol. 48(2), pages 418-430, June.

    More about this item

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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