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US Consumers' Willingness to Pay for Wool Product Attributes

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  • 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
    DOI: 10.22004/ag.econ.6747
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    References listed on IDEAS

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    Cited by:

    1. Villano, Renato & Chang, Hui-Shung (Christie) & Kewa, John & Irving, Donald, 2016. "Factors Affecting Consumers’ Willingness to Pay for Good Quality Sweetpotato in Papua New Guinea," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 24, April.
    2. 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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