Journal of Food Products Marketing · 2009 · 27 citations · 27 references
AgricultureEconomicsMarketingConsumer BehaviorFood EconomicsFood SafetyConsumer Food ChoiceConsumer TheoryFood LabelingFood Marketing EconomicsFood QualityFruit QualityAttributesConsumer Food PreferencesConsumer Preference AssessmentFood Safety Consumer BehaviorFresh FruitsFruit Quality AttributesLabeling Effects On Food ChoiceLabels
Nowadays, fresh fruits such as pears are differentiated by cultivars, origins, and appearances, as well as by companies' production and processing methods. We may now observe many denominations of origin, retailers,' and private labels in order to signal the differentiation to the consumers, who are often willing to pay large price premiums for products with specific attributes. In this article, we used an experimental auction to assess how information on quality attributes affects consumers' willingness to pay for different types of pears. The main results show that information on the products' characteristics related to food safety instantly influences consumers' willingness to pay. However, it appears that in the end, sensory intrinsic attributes related to taste beat the guarantee of food safety in driving the buying behaviour.
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Information and Consumer Behavior
Phillip Nelson · Journal of Political Economy · 1970 · 5.7K citations
Free Competition and the Optimal Amount of Fraud
Michael R. Darby, Edi Karni · The Journal of Law and Economics · 1973 · 3.8K citations