Consumer Valuation of Health Attributes in Food
By: Smed, Sinne; Hansen, Lars Garn
Smed, Sinne; Hansen, Lars Garn, Consumer Valuation of Health Attributes in Food, Journal of Agricultural and Resource Economics, Volume 43, Issue 2, May 2018, Pages 251-273
We estimate a model that allows consumers’ food demand to depend on both the health effects and the consumption experience generated by the consumption of nutrients contained in food. We use home scan data of food purchases from approximately 2,500 Danish consumers enriched with nutrient content information. More-educated consumers have healthier diets than those with less education, and we find that this is explained by differences in how these groups value the consumption experience associated with nutrients, not by differences in their health valuation of nutrients.