Would consumers value food-away-from-home products with nutritional labels?

Andreas C. Drichoutis, Panagiotis Lazaridis, Rodolfo M. Nayga, Jr

Research output: Contribution to journalArticle

20 Citations (Scopus)

Abstract

The authors examine consumers? valuation for food-away-from-home products with and without nutritional labels using experimental auctions. They presented subjects with three different nutritional information schemes: a European Union type label, a United States type label, and a traffic-light colored information label. Furthermore, they examined the role of reference prices (i.e., the real market prices of the products) within the context of experimental auctions. Using well-known products, our results indicate that subjects bid more for the products with nutritional labels. However, among products with nutritional information, subjects? willingness to pay values differ depending on the type of nutritional label on the product. In addition, the authors find evidence that inclusion of reference prices leads to higher bids. [JEL classifications: D12, C23].

Original languageEnglish
Pages (from-to)550-575
Number of pages26
JournalAgribusiness
Volume25
Issue number4
DOIs
Publication statusPublished - 2009 Oct 22
Externally publishedYes

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ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Economics and Econometrics
  • Food Science
  • Animal Science and Zoology
  • Geography, Planning and Development

Cite this

Drichoutis, A. C., Lazaridis, P., & Nayga, Jr, R. M. (2009). Would consumers value food-away-from-home products with nutritional labels? Agribusiness, 25(4), 550-575. https://doi.org/10.1002/agr.20224