An Analysis of Consumers' Willingness to Pay for Environmental Certified Hardwood Products

An Analysis of Consumers' Willingness to Pay for Environmental Certified Hardwood Products
Author:
Publisher:
Total Pages:
Release: 2003
Genre: Consumers
ISBN:

This study examines Tennessee and Pennsylvania consumers2 market participation for environmentally certified hardwood products (oak table, oak shelving board, oak chair), obtains potential premiums paid for selected hardwood products, determines the effects of scope of certification and demographics on premium amounts, and builds profiles of consumers who are willingness [sic] to pay the premium for certified hardwood products. A pretest survey taken in Tennessee was used to construct premium ranges for the main field survey. Analysis of the main field survey conducted in rural and urban areas of Tennessee and Pennsylvania is based on the results of the logistic model, descriptive statistics, t-tests and chi-square tests. Logistic models are applied to evaluate the effects of demographics, attitudes toward environment, and scope of certification on market participation for specified certified wood products and to estimate the probabilities and amounts of willingness to pay. Results from the study suggest that about 44 percent of respondents in each state would support environmental certification of hardwood products and would pay a premium. The logistic models for each product in both states were significant except the model for the certified table at the specified premium in Tennessee. The premium level had negative influence on willingness to pay while the scope of the certification did not appear to have effect on it. The residency, education level, and interest in environmental issues and consumer awareness, as demonstrated by rural/urban, college/less than college, recycling experience, contribution to environmental organizations and forest use, played inconsistent roles in willingness to pay. However, young, female and low-income consumers had consistently positive influence on willingness to pay. Consumers who indicated they would pay more for a certified hardwood product were willing to pay $172.80 more on a $799 table, $11.49 more on a $28.80 shelving board, and $43.42 more on a $199 chair in Tennessee. In Pennsylvania, consumers would like to pay $140.09, $11.34 and $49.81 more ona table, shelving board and chair, respectively. Among those profiled as most likely to pay premiums would pay as high as $611.88 on a table, $46.99 on a shelving board, and $129.68 on a chair. Among those profiled as least likely to be willing to pay, most were not willing to pay anything more.

An Analysis of Consumer Support for Environmental Certification of Hardwood Products

An Analysis of Consumer Support for Environmental Certification of Hardwood Products
Author: Pornpat Wiwattarangkul
Publisher:
Total Pages:
Release: 2002
Genre: Consumers
ISBN:

Environmental wood certification programs could play an important role in conserving forests across countries such that several studies on the feasibility of certification programs have been conducted. The main focus areas of this study are in the state of Pennsylvania and Tennessee. The first objective of this study is to assess consumers' support and willingness to pay a premium for certified hardwood products. The second objective is to examine how income, demographics and attitudes about the environment, and scope of certification may influence support and willingness to pay a premium for certified hardwood products. Next, the study wants to examine reasons for not supporting certification or supporting certification but not willing to pay. Last, this study examines how income, demographics and attitudes about the environment, and scope of certification may influence reasons for lack of support and not being willing to pay more. A telephone survey was conducted in March/April of 2001 for the primary used in the study by Jensen, Jakus, and English (2002). Analysis is based on an ordered logistics model, multinomial logistics models, chi-square statistics and t-tests. Logistics models are employed to examine the effects of demographics, attitudes toward environment, and scope of certification on support level and also on reasons for lack of willingness to pay and support cited. Frequencies and mean are used to assess consumer support and willingness to pay. Results suggest that demand for certified hardwood products in the studied regions exists. About 44 percent of consumers supported and would pay a premium for certified hardwood products. Segment of consumers most likely to support and pay more are female, live in an urban area, contributed to environmental group, recycled in past month, is a frequent forest user, have income less than $50,000, and is not a homeowner. This consumer segment has about 77 chance of supporting and pay more for certification. Reasons for lack of willingness to pay cited were cannot afford to pay more, company should pay even if it costs more, certification does not add to cost, certification is not worth paying more, and other. Male, contributed to environmental group, recycles, and income $50,000 or greater were the variable with significant influence on the reason cannot afford to pay more. Male, contributed to environmental group, and contributed to hunting/fishing group were significant influenced on the reason wood company should pay even if it costs more. Male, contributed to environmental group, and income $50,000 or greater were significant influenced on the reason certification is not worth paying more. Primary reasons for not supporting certification indicated by survey participants are environmental certification will not work to improve the environment, certification could lead to regulation, environmental organizations are too powerful, other.

Estimating Consumer Willingness to Pay a Price Premium for Alaska Secondary Wood Products

Estimating Consumer Willingness to Pay a Price Premium for Alaska Secondary Wood Products
Author: Geoffrey H. Donovan
Publisher:
Total Pages: 16
Release: 2003
Genre: Contingent valuation
ISBN:

Dichotomous choice contingent valuation survey techniques were used to estimate mean willingness to pay (WTP) a price premium for made-in-Alaska secondary wood products. Respondents were asked to compare two superficially identical end tables, one made in China and one made in Alaska. The surveys were administered at home shows in Anchorage, Fairbanks, and Sitka in March and April 2002. Results indicated that, on average, respondents were willing to pay an additional $82 for the Alaskamade table, above a base price of $50. The 95 percent confidence bounds on this estimate of mean WTP are $68.10 and $96.10. Survey design and sample demographics are discussed as possible upward biases on the mean WTP for the Alaskamade table. Despite these possible biases, we concluded that place of manufacture is a significant competitive advantage for Alaska secondary wood product manufacturers marketing their products in Alaska.

First International Conference on Resource Efficiency in Interorganizational Networks - ResEff 2013 -

First International Conference on Resource Efficiency in Interorganizational Networks - ResEff 2013 -
Author: Geldermann, Jutta
Publisher: Universitätsverlag Göttingen
Total Pages: 504
Release: 2013-11-26
Genre: Business & Economics
ISBN: 3863951425

Renewable raw materials are becoming increasingly important as an alternative resource base in industrial networks. Consequently, research for methods improving the efficient use of renewable resources in production processes with by-products is crucial. The aim is cascade utilization, thus the multiple utilization of a raw material before its conversion into energy. The International Conference on Resource Efficiency in Interorganizational Networks (ResEff) brings together interdisciplinary researchers developing strategies and solution concepts for efficient resource utilization. It is therefore a platform for scientific exchange both between experts as well as interdisciplinary groups from agricultural and forestry science, mathematical optimization, operations research, marketing, business informatics, production and logistics. The following facets of the challenging topic of resource efficiency in interorganizational networks are covered: Materials, technologies, planning of production and value-added networks for renewable resources as well as governance, coordination and sale of products from renewable resources.

Economics and Environmental Change

Economics and Environmental Change
Author: Clement A. Tisdell
Publisher: Edward Elgar Publishing
Total Pages: 325
Release: 2017-08-31
Genre: Business & Economics
ISBN: 1782549633

In this innovative book, Clement Tisdell adopts a holistic approach, combining economic, social, biophysical and historical considerations to analyse the economic origins of major contemporary environmental problems, especially those associated with climate change. The ability of humankind to respond effectively to these problems is assessed in a unique and lucid fashion. The depth and nature of social embedding is identified as the major (but not the only) barrier to dealing with human-induced environmental change.

Labelling Strategies in Environmental Policy

Labelling Strategies in Environmental Policy
Author: Mario Teisl
Publisher: Routledge
Total Pages: 570
Release: 2017-11-30
Genre: Political Science
ISBN: 1351154516

Eco-labelling programmes have been in existence for many years but their recent growth now extends to many products and services. The academic literature has grown in response and there have been several theoretical and empirical advances. This volume presents the best of previously published research on the design and effects of eco-labelling programmes. Whilst concentrating on the economic literature, the articles also approach the topic from a psychological, sociological and political point of view. Part One focuses on a range of theoretical developments, Part Two on empirical measurements of the effectiveness of eco-labelling, Part Three on the factors that influence the success and design of eco-labelling programmes and Part Four on the effects of eco-labelling on international trade and development.

Economics of the Environment

Economics of the Environment
Author: Robert N. Stavins
Publisher: Edward Elgar Publishing
Total Pages: 779
Release: 2019
Genre: Environmental policy
ISBN: 1788972066

Economics of the Environment, Seventh Edition is a compendium of the best, most timely articles by a dream team of environmental economists, together with an original introductory chapter by the editor. Now in its seventh edition, Economics of the Environment serves as a valuable supplement to environmental economics text books and as a stand-alone reference book of key, up-to-date readings from the field. Edited by Robert N. Stavins, the book covers the core areas of environmental economics courses as taught around the world; and the included authors are the top scholars in the field. Overall, more than half of the chapters are new to this edition while the rest have remained seminal works.