Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/227803 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
School of Economics Discussion Papers No. 1911
Verlag: 
University of Kent, School of Economics, Canterbury
Zusammenfassung: 
Chicken meat consumption has increased substantially in the last decades due to farming and processing intensification and due to perceived health and environmental benefits for consumers. Organic chicken additionally, is perceived to have better taste, lead to higher animal welfare and additional benefits for the environment. Thus understanding consumers' preferences for organic chicken is central for policy-making and market strategies that can shape this market in the future. This paper uses a comprehensive data set of scanned shoppings from UK consumers, to show that they are willing to pay an average premium of 135% for the organic attribute in the case of chicken. In addition, this papercontributes to the literature of environmental valuation, demonstrating that household characteristics can be used as instruments into a GMM approach to a hedonic price model, to address the endogeneity issues usually ignored in this literature.
Schlagwörter: 
Hedonic Pricing Method
Instrumental Variables
Organic Food
JEL: 
C26
Q18
Q51
Dokumentart: 
Working Paper

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