Publication | Open Access
An Analysis of Consumer Preferences for Value-Added Seafood Products Derived from Crawfish
51
Citations
23
References
2002
Year
Customer SatisfactionTwo-limit TobitApplied EconomicsBehavioral Decision MakingConsumer ResearchRevealed PreferenceConjoint AnalysisChoice ModelPreference LearningManagementConsumer BehaviorDecision TheoryPreference ModelingConsumer ChoiceEconomicsConsumer PreferencesProbit ModelsFood QualityMarketingBehavioral EconomicsUtility TheoryInteractive MarketingBusinessDecision ScienceConsumer AttitudeMicroeconomics
Conjoint analysis is used to evaluate consumer preferences for three consumer-ready products derived from crawfish. Utility functions are estimated using two-limit tobit and ordered probit models. The results show women prefer a baked nugget or popper type product, whereas 35- to 44-year-old men prefer a microwavable nugget or patty type product. The results also show little difference between part-worth estimates or predicted rankings for the tobit and ordered probit models, implying the results are not sensitive to assumptions regarding the ordinal and cardinal nature of respondent preferences.
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