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The Willingness to Pay in the Food Sector. Testing the Hypothesis of Consumer Preferences for Some Made in Italy Products

Author

Listed:
  • Lucio Cappelli

    (Department of Economics and Law, University of Cassino and Southern Lazio, 03043 Cassino, Italy)

  • Fabrizio D’Ascenzo

    (Faculty of Economics, University of Rome “La Sapienza”, 00161 Rome, Italy)

  • Maria Felice Arezzo

    (Faculty of Economics, University of Rome “La Sapienza”, 00161 Rome, Italy)

  • Roberto Ruggieri

    (Faculty of Economics, University of Rome “La Sapienza”, 00161 Rome, Italy)

  • Irina Gorelova

    (Faculty of Economics, University of Rome “La Sapienza”, 00161 Rome, Italy)

Abstract

Previous publications have shown that Italian consumers are willing to pay a premium price for certain categories of Made in Italy products. The premium price has proven to be higher in the food sector. This study provides an extensive literature review on the topic and aims to test a hypothesis regarding consumer preferences towards some Made in Italy food products of mass consumption (olive oil, meat and fish), with specific reference to the value systems that influence the purchase. This paper studies the correlation between the potential willingness to pay a premium price for the mentioned products and the characteristics of consumers’ sample. The results obtained confirm the willingness to pay for Made in Italy products and correlate the willingness to pay a premium price with the level of education of the respondents to the questionnaire. Thus, these findings show that consumers with a higher educational level tend to make more sustainable food choices and by doing so lean toward a sustainable lifestyle.

Suggested Citation

  • Lucio Cappelli & Fabrizio D’Ascenzo & Maria Felice Arezzo & Roberto Ruggieri & Irina Gorelova, 2020. "The Willingness to Pay in the Food Sector. Testing the Hypothesis of Consumer Preferences for Some Made in Italy Products," Sustainability, MDPI, vol. 12(15), pages 1-11, August.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:15:p:6275-:d:394375
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    References listed on IDEAS

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