The influence of signal attributes on the willingness to pay for pasture-raised beef

Purpose – This study aims to identify the marginal impact of introducing a signal attribute of pasture-raised beef on consumer willingness to pay (WTP) for other independent attributes. Design/methodology/approach – The study is divided into two steps. The first, qualitative, consisted of investigat...

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Bibliographic Details
Main Authors: Juliana Chini, Eduardo Eugênio Spers, Hermes Moretti Ribeiro da Silva, Mirella Cais Jejcic de Oliveira
Format: Article
Language:English
Published: Emerald Publishing 2020-12-01
Series:RAUSP Management Journal
Subjects:
Online Access:https://www.emerald.com/insight/content/doi/10.1108/RAUSP-02-2019-0020/full/pdf?title=the-influence-of-signal-attributes-on-the-willingness-to-pay-for-pasture-raised-beef
Description
Summary:Purpose – This study aims to identify the marginal impact of introducing a signal attribute of pasture-raised beef on consumer willingness to pay (WTP) for other independent attributes. Design/methodology/approach – The study is divided into two steps. The first, qualitative, consisted of investigating the values consumers have regarding beef production. To this end, 52 interviews with Brazilian and US consumers were conducted using laddering. In the second, quantitative, six experiments, (face to face and online) with 267 consumers of beef were performed. Findings – As a result, the main value found for the Brazilians was security, while for the Americans was self-direction. For consumers, the WTP for animal welfare was the most important in the choice experiments where this information was present. Originality/value – These findings offer an alternate beef differentiation, enabling it to be sold with higher added value by integrating these.
ISSN:2531-0488