Are there trade-offs in valuation with respect to greenhouse gas emissions, origin and food miles attributes?
Author(s) -
Faiçal Akaichi,
Rodolfo M. Nayga,
Lawton Lanier Nalley
Publication year - 2016
Publication title -
european review of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 60
eISSN - 1464-3618
pISSN - 0165-1587
DOI - 10.1093/erae/jbw008
Subject(s) - greenhouse gas , valuation (finance) , economics , willingness to pay , natural resource economics , agricultural economics , microeconomics , business , ecology , finance , biology
This study measures consumers’ willingness to pay for the attributes greenhouse gas (GHG) emissions during production, food miles and origin (local/non-local) of rice products and assesses the interaction effects (complementarities and substitutions) between these food attributes using a non-hypothetical experimental auction. Results typically show that consumers are willing to pay a price premium for rice that has lower GHG emissions, lower food miles and/or is local. Most importantly, consumers were found to trade off these three food attributes. The results also show that consumers do not perceive the attributes food miles and origin as perfect substitutes.
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