Abstract
The Marine Stewardship Council's (MSC) sustainable seafood ecolabel covers about 10% of total seafood catch globally. Despite its prevalence, consumer willingness to pay (WTP) for MSC-certified imported seafood is not well understood. Using a choice experiment conducted with an American-consumers sample, this study measures the differences in WTP for American, Ecuadorian, and Vietnamese canned tuna. The results noted two things. First, the ecolabel induces country-specific effects, where the marginal WTP for the MSC label is higher for the imported products than for the domestic product; second, consumers prefer domestic products ceteris paribus, nevertheless, the premium of the ecolabel—when attached to the imported products—may partially eclipse preference for domestic products without the ecolabel. The results imply that the MSC ecolabel may generate a more favorable effect when applied to products from developing countries.
Original language | English |
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Pages (from-to) | 18-26 |
Number of pages | 9 |
Journal | Marine Policy |
Volume | 96 |
DOIs | |
Publication status | Published - 2018 Oct |
Bibliographical note
Funding Information:This project is supported by the start-up fund of College of Agriculture at the Tennessee State University , the Tyson Chair Endowment at the University of Arkansas , and Korea University Special Research Funding. We would like to thank the Marine Stewardship Council for allowing the use their official logo in the experiment. In addition, we thank Carola Grebitus and the two anonymous reviewers for their comments and contributions to the manuscript.
Publisher Copyright:
© 2018
Keywords
- Country of origin
- D12
- Ecolabel
- Interaction effect
- Marine Stewardship Council
- Q13
- Q22
- Q56
- Sustainable seafood
- Willingness to pay
ASJC Scopus subject areas
- Aquatic Science
- General Environmental Science
- Economics and Econometrics
- Management, Monitoring, Policy and Law
- Law