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Consumers' Willingness to Pay for Eco-Certified Wood Products
| Content Provider | Scilit |
|---|---|
| Author | Jensen, Kimberly L. Jakus, Paul M. English, Burton C. Menard, Jamey |
| Copyright Year | 2004 |
| Description | We use Kriström's simple spike model to assess the factors influencing consumers' willingness to pay a premium for a variety of certified wood products. A survey of over 1,600 Pennsylvania and Tennessee residents found that approximately 35% were willing to pay some positive “premium” for environmentally certified wood products. For three types of wood products (a $28.80 shelf, a $199 chair, and a $799 table), we find the estimated market premiums to be $3.74, $15.94, and $45.07, respectively. |
| Related Links | https://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=1260&context=eri https://www.cambridge.org/core/services/aop-cambridge-core/content/view/44556447598CBD9071514E3BE26FFB60/S1074070800026900a.pdf/div-class-title-consumers-willingness-to-pay-for-eco-certified-wood-products-div.pdf |
| Ending Page | 626 |
| Page Count | 10 |
| Starting Page | 617 |
| ISSN | 10740708 |
| e-ISSN | 20567405 |
| DOI | 10.1017/s1074070800026900 |
| Journal | Journal of Agricultural and Applied Economics |
| Issue Number | 3 |
| Volume Number | 36 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2004-12-01 |
| Access Restriction | Open |
| Subject Keyword | Journal of Agricultural and Applied Economics Agricultural Economics certification |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics Agricultural and Biological Sciences |
