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Consumer Preferences for Locally Made Specialty Food Products Across Northern New England
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Abstract
Does willingness to pay a premium for local specialty food products differ between consumers in Maine, New Hampshire, and Vermont? Two food categories are investigated: low-end (5)andhighâend(20) products. Premia estimates are compared across states and across base prices within states using dichotomous choice contingent valuation methods. Results suggest that the three states of northern New England have many similarities, including comparable price premia for the lower-priced good. However, there is some evidence that the premium for the higher-priced good is greater for the pooled Vermont and Maine treatment than for the New Hampshire treatment. Vermont and New Hampshire residents are willing to pay a higher premium for a 20thanfora5 food item, while the evidence suggests that Maine residents are not.local specialty foods, willingness to pay, contingent valuation, Demand and Price Analysis, Food Consumption/Nutrition/Food Safety,