Article ID Journal Published Year Pages File Type
5037173 Technological Forecasting and Social Change 2016 11 Pages PDF
Abstract

•Organic purchasers have no significant value for PEF information.•In the presence of PEF, non-organic purchasers are willing to pay for lower PEF.•The value of PEF is likely to be higher when normalising PEF values.•Valuations of holistic eco-labels should consider organic halo effects.

The problem of environmental degradation is large and widespread, with consumption of food being a major contributor to a households' ecological impact. The Product Ecological Footprint (PEF) is a new information management process of “self-improving” accuracy that enables producers to quantify product environmental impact. This study addresses two key questions; consumer willingness to pay and application readiness for PEF. We use choice experiments to identify the value consumers place on PEF as a label. We then examine data availability, information processing systems and accreditation protocols that would be required to support a market-wide application of PEF. Findings highlight an opportunity to influence the behaviour of the larger market segment of conventional (non-organic) consumers. Further research is required into the interaction between PEF and organics, PEF and origin, marketing and branding of the label, for market wide applications to be considered. A key question emerges as to whether PEF requires a different application platform than a voluntary eco-label scheme to instigate behavioural change.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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