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Meat and meat substitutes—A hedonic‐pricing model for the German market.
- Source :
- Journal of the Agricultural & Applied Economics Association; Dec2023, Vol. 2 Issue 4, p668-685, 18p
- Publication Year :
- 2023
-
Abstract
- In this study, a hedonic pricing model with a stochastic frontier is applied to a sample of 183,717 observations of product sales of sausages in Germany to determine the valuation of attributes in the market. The average price of sausages is 1.14€/100 g, with meat substitutes valued at 1.53€/100 g and meat sausages at 1.01€/100 g. Our results show that credence attributes can induce a price premium, but that the effect strongly depends on the type of attribute. This may be important for deriving marketing strategies, as uniform measures may not be effective for both markets. [ABSTRACT FROM AUTHOR]
- Subjects :
- MEAT alternatives
PRICES
MARKETING models
MARKETING strategy
STOCHASTIC models
Subjects
Details
- Language :
- English
- ISSN :
- 27692485
- Volume :
- 2
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Journal of the Agricultural & Applied Economics Association
- Publication Type :
- Academic Journal
- Accession number :
- 174325920
- Full Text :
- https://doi.org/10.1002/jaa2.84