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Title: Branding fresh food: Who is willing to pay more for beef?
Contributor(s): Morales, L Emilio (author)orcid ; Griffith, Garry (author)orcid ; Wright, Victor (author); Fleming, Euan (author); Umberger, Wendy (author); Hoang, Nam (author)orcid 
Publication Date: 2017
DOI: 10.1556/066.2016.0015
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Abstract: Retail beef markets not offering objective grade indicators in-store leave consumers uncertain about the quality of beef they purchase. The introduction of fresh brands can better meet consumers' expectations. Willingness-to-pay for 'ideal' quality cuts represents the maximum premiums brands could achieve. Using Australian consumers' survey data, the maximum premiums are modelled using zero-inflated negative binomial models. Results indicate that buyer's characteristics and perceptions about product attributes influence the premiums for high-quality beef that consumers are willing to pay for a cut considered 'ideal', indicating the maximum premium that brands could achieve in relevant segments. The premiums indicate there is substantial potential for beef cuts that reduce purchase risk by more assuredly meeting buyer's preferences in Australia.
Publication Type: Journal Article
Source of Publication: Acta Alimentaria, 46(4), p. 395-402
Publisher: Akademiai Kiado Rt
Place of Publication: Budapest, Hungary
ISSN: 1588-2535
Field of Research (FOR): 140201 Agricultural Economics
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
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Appears in Collections:Journal Article
UNE Business School

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