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Journal Article

Market Participation and Willingness to Pay for Environmentally Certified Products

Kim Jensen; Paul M. Jakus; Burton English; Jamey Menard
Forest Science · Vol. 49, Issue 4 · pp. 632-641 · 2003

Abstract

The purpose of this study is to ascertain (1) consumers' willingness to participate in a market for environmentally certified hardwood products, and (2) the ‘price premium’ consumers would be willing to pay for a certified oak shelving board. Further, we test how demographics influence market participation and the price premium. Results were obtained through a telephone survey of 811 Pennsylvania residents. Overall, 42.2% supported certification and were willing to pay higher prices for certified products, 45.5% supported certification but were not willing to pay higher prices, and 11.3% did not support certification regardless of costs. The profile of those most likely to participate in a certified wood product market includes nonhomeowners, female, college-educated, recyclers, and previous purchasers of environmentally labeled nonwood products. Among those supporting certification and willing to pay a premium, consumers were willing to pay $10.18 above the cost of an uncertified board ($28.80). For. Sci. 49(4):632–641.

Bibliographic Information

JournalForest Science
PublisherSpringer
Publication Date2003-08-01
Publication Year2003
Volume49
Issue4
Pages632-641
Document TypeJournal Article
Print ISSN0015-749X
eISSN1938-3738
DOI10.1093/forestscience/49.4.632

Access Information

NARA Access Coverage1955-01-01~Current
Journal Homepagehttps://www.springer.com/journal/44391
Publisher PageOpen Publisher Page
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