1. The Implicit Price for Fair Trade Coffee: Does Social Capital Matter?
- Author
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Ornella Wanda Maietta, Moritz Bosbach, Bosbach, Moritz, and Maietta, Ornella Wanda
- Subjects
Economics and Econometrics ,010504 meteorology & atmospheric sciences ,business.industry ,Certification ,010501 environmental sciences ,01 natural sciences ,Microeconomics ,Fair trade coffee ,Fair trade ,Economics ,Ethical consumption ,Hedonic regression ,business ,Stock (geology) ,0105 earth and related environmental sciences ,General Environmental Science ,Social capital - Abstract
This study aims to ascertain whether the implicit price paid for Fair Trade coffee in regular supermarkets is influenced by the stock of social capital in the territory where consumers live. A hedonic regression set-up is adopted, based on Italian scanner data taken at NUTS3 level. Regressors include attributes described on the label, which include separate certifications for Fair Trade and organic/eco-label status, plus various indicators of social capital and their interactions with the Fair Trade and organic/eco-label attributes. The implicit consumer price paid for the Fair Trade attribute is significantly and positively affected by a social capital proxy, the ratio of co-op members to total employment.
- Published
- 2019