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Preferences for sustainability and supply chain worker conditions: Evidence during COVID‐19.
- Source :
- Applied Economic Perspectives & Policy; Dec2022, Vol. 44 Issue 4, p1637-1659, 23p
- Publication Year :
- 2022
-
Abstract
- Given coronavirus 2019 (COVID‐19), we empirically investigate whether consumers are willing to pay for greater sustainability and safer working conditions in food supply chains. We elicit consumer valuation via two consumer choice survey experiments and revealed preferences using mixed Logit discrete choice models. We find that consumers have a significant positive average valuation towards sustainability, but may require an average compensation to choose products produced under safer working conditions. Policy implications suggest a market‐based potential to nudge consumer segments who desire value congruence in their diet, namely, by revealing information through labeling. [ABSTRACT FROM AUTHOR]
- Subjects :
- CONSUMER preferences
DISCRETE choice models
SUPPLY chains
COVID-19
SUSTAINABILITY
Subjects
Details
- Language :
- English
- ISSN :
- 20405790
- Volume :
- 44
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Applied Economic Perspectives & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 160116702
- Full Text :
- https://doi.org/10.1002/aepp.13267