TY - JOUR
T1 - The value of responsibly farmed fish
T2 - A hedonic price study of ASC-certified whitefish
AU - Asche, Frank
AU - Bronnmann, Julia
AU - Cojocaru, Andreea L.
PY - 2021/10
Y1 - 2021/10
N2 - In recent years, several studies have identified price premiums for wild seafood certified as sustainably produced. Even though more than half of seafood for human consumption originates from aquaculture, not much attention has been given to consumer preferences for sustainability certified farmed fish, and to the implied price premiums for such products. This is the first paper to use market data to investigate the presence of price premiums in association with an ecolabel for farmed seafood, namely the label of the Aquaculture Stewardship Council (ASC). Using hedonic price analysis, we look at premiums related to the three most consumed farmed whitefish species in Germany: rainbow trout, pangasius, and tilapia. Our results show that there exist price premiums for ASC-certified whitefish on the German market, which vary by species. Moreover, the magnitudes of the price premiums for ASC-certified products vary by retailer and brand and are negatively correlated with their price level
AB - In recent years, several studies have identified price premiums for wild seafood certified as sustainably produced. Even though more than half of seafood for human consumption originates from aquaculture, not much attention has been given to consumer preferences for sustainability certified farmed fish, and to the implied price premiums for such products. This is the first paper to use market data to investigate the presence of price premiums in association with an ecolabel for farmed seafood, namely the label of the Aquaculture Stewardship Council (ASC). Using hedonic price analysis, we look at premiums related to the three most consumed farmed whitefish species in Germany: rainbow trout, pangasius, and tilapia. Our results show that there exist price premiums for ASC-certified whitefish on the German market, which vary by species. Moreover, the magnitudes of the price premiums for ASC-certified products vary by retailer and brand and are negatively correlated with their price level
U2 - 10.1016/j.ecolecon.2021.107135
DO - 10.1016/j.ecolecon.2021.107135
M3 - Journal article
SN - 0921-8009
VL - 188
JO - Ecological Economics
JF - Ecological Economics
M1 - 107135
ER -