More than meets the eye: consumers' willingness to pay for marine stewardship council's certified seafood

Empirical study
Conference paper

Published 2015. Authored by Lim, K.H., Grebitus, C., Hu, W. and Nayga, R.M.

Summary

The Marine Stewardship Council (MSC) certificate provides great promise as a market-based tool 5 for sustainable fisheries but to succeed in the market a critical share of producers needs to 6 participate in the program. Since consumers' willingness to pay is a driver of producer 7 participation, we conduct a consumer choice experiment to determine U.S. American consumers' 8 preferences and willingness to pay for MSC certification for canned tuna. We find that most U.S. 9 American consumers are willing to pay for MSC-certified seafood. Also, results show that MSC 10 certification might be especially advantageous for exporting producers from developing countries. 11 Finally, our modeling allows us to determine complementary effects that MSC might have with 12 other attributes. The results provide insights to stakeholders in the seafood industry on the 13 effectiveness of MSC certification in championing sustainable fisheries. Recommendations based 14 on willingness to pay for sustainable seafood labeled with MSC are provided.
Research detail

More than meets the eye: consumers' willingness to pay for marine stewardship council's certified seafood

Empirical study
Conference paper

Published 2015. Authored by Lim, K.H., Grebitus, C., Hu, W. and Nayga, R.M.

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