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Consumer Demand For Quality: Major Determinant For Agricultural And Food Trade In The Future?, Julie Caswell
Consumer Demand For Quality: Major Determinant For Agricultural And Food Trade In The Future?, Julie Caswell
Julie Caswell
The impact of consumer demand for quality on the agricultural and food system is an increased emphasis on quality differentiation but not all in the direction of upgrading quality. The more elite market segments are thriving and reaching growing numbers of consumers but the basic price/quality markets remain strong. Most recent economic studies find that consumers are willing to pay for food safety and other quality attributes, and for information about them. The magnitude of the valuations varies by food product, attribute, country, and study design. This literature and a case study of genetically modified foods suggest that consumer demand …
Consumer Demand For Quality: Major Determinant For Agricultural And Food Trade In The Future?, Julie Caswell
Consumer Demand For Quality: Major Determinant For Agricultural And Food Trade In The Future?, Julie Caswell
Julie Caswell
The impact of consumer demand for quality on the agricultural and food system is an increased emphasis on quality differentiation but not all in the direction of upgrading quality. The more elite market segments are thriving and reaching growing numbers of consumers but the basic price/quality markets remain strong. Most recent economic studies find that consumers are willing to pay for food safety and other quality attributes, and for information about them. The magnitude of the valuations varies by food product, attribute, country, and study design. This literature and a case study of genetically modified foods suggest that consumer demand …
Using Informational Labeling To Influence The Market For Quality In Food Products, Julie Caswell
Using Informational Labeling To Influence The Market For Quality In Food Products, Julie Caswell
Julie Caswell
In the United States, the federal government is increasingly using requirements for informational labeling on food products to influence 1) consumers' knowledge and purchasing patterns and 2) manufacturers' product offerings and marketing practices. We discuss the economic rationale behind these regulations and issues related to judging their success or failure.