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Scale Heterogeneity, Consequentiality, and Willingness-to-Pay for Public Goods: The Case of Beef Choices

Author

Listed:
  • Li, Xiaogu
  • Jensen, Kimberly L.
  • Clark, Christopher D.
  • Lambert, Dayton M.

Abstract

Consumers in the United States spend a large portion of their household food expenditure on beef, as some of them are willing to pay premium for beef products presented with high quality attributes, both taste and non-taste related. This study examines U.S. beef consumer preferences and willingness to pay for non-taste, "extrinsic" attributes that exhibit public benefits, and how they are affected by individual taste and scale heterogeneity. Effects of consumers' beliefs in the consequential effects of their beef choices are also investigated. Results may further understanding of U.S. consumers' perception and acceptance of extrinsic attributes in beef products and public issues such as food safety, climate change and animal welfare.

Suggested Citation

  • Li, Xiaogu & Jensen, Kimberly L. & Clark, Christopher D. & Lambert, Dayton M., 2015. "Scale Heterogeneity, Consequentiality, and Willingness-to-Pay for Public Goods: The Case of Beef Choices," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 204908, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea15:204908
    DOI: 10.22004/ag.econ.204908
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    Cited by:

    1. Zawojska, Ewa & Bartczak, Anna & Czajkowski, Mikołaj, 2019. "Disentangling the effects of policy and payment consequentiality and risk attitudes on stated preferences," Journal of Environmental Economics and Management, Elsevier, vol. 93(C), pages 63-84.
    2. Zawojska, Ewa & Bartczak, Anna & Czajkowski, Mikotaj, 2017. "Disentangling impacts of payment and provision consequentiality and risk attitudes on stated preferences," Annual Meeting, 2017, June 18-21, Montreal, Canada 258602, Canadian Agricultural Economics Society.
    3. Zawojska Ewa, 2017. "A Consequential Contingent Valuation Referendum: Still Not Enough to Elicit True Preferences for Public Goods!," Central European Economic Journal, Sciendo, vol. 2(49), pages 73-90, December.

    More about this item

    Keywords

    Agricultural and Food Policy; Environmental Economics and Policy; Food Consumption/Nutrition/Food Safety;
    All these keywords.

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