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Browsing by Subject "credence attributes"

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  • Hiironen, Matti (2020)
    This study examines Finnish consumer and beef producer preferences for eight process-related beef credence attributes. A direct ranking preference method was used in surveys conducted during spring of 2019. An analysis of rank means and shares of first rankings revealed differences and similarities between respondent rankings. Ordered logistic regression was also used to analyse how rankings differ within respondent groups. The results suggest that antibiotic-free beef production was ranked as most important by consumers and second by beef producers, suggesting that such production methods may have significant market potential in the future. The results also suggest that environmentally friendly production was ranked relatively high by Finnish consumers, and higher compared to previous similar studies from other countries. In contrast to earlier studies, this study innovates with also exploring farmer preferences for credence attributes, so as to provide novel insights by contrasting consumer and producer valuations from the same country (Finland) for such attributes.