Price premiums of seafood carrying several ecolabels: Investigation of dolphin-safe and MSC labels on tuna
ID:944 View Protection:ATTENDEE Updated Time:2024-10-13 15:21:54 Hits:827 Oral Presentation

Start Time:2025-01-17 10:50(Asia/Shanghai)

Duration:15min

Session:S63 Session 63-Blue Economy Accounting and Carbon Emissions Reduction » S63-2Blue Economy Accounting and Carbon Emissions Reduction

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Abstract
The evolution of ecolabels has led to many foods holding several certifications for environmental commitments. In the tuna market, dolphin-safe and the Marine Stewardship Council (MSC) label dominate. This paper uses a novel dataset by linking Nielsen Retail Scanner data with “dolphin-safe” and MSC certification data to estimate the impact of carrying different number of ecolabels on canned tuna unit values from 2017 to 2019. A hedonic pricing model is applied to estimate the value of different attributes to tuna products. Our findings indicate positive price premiums for both dolphin-safe (12.65%) and MSC certified (23.67%) tuna. Moreover, dual-labeled products yield the highest price premiums (45.57%), suggesting that combining ecolabels can further enhance market value. Results also indicate that different factors lead to variations of price premiums, pointing to the need for tailored strategies in promoting sustainable seafood products.  
 
Keywords
ecolabel, dolphin-safe tuna, canned tuna market, consumers
Speaker
Yingkai Fang
Assistant Professor Hangzhou Normal University

Submission Author
Yingkai Fang Hangzhou Normal University
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Important Date
  • Conference Date

    Jan 13

    2025

    to

    Jan 17

    2025

  • Sep 27 2024

    Draft paper submission deadline

  • Feb 17 2025

    Registration deadline

Sponsored By
State Key Laboratory of Marine Environmental Science, Xiamen University
Organized By
State Key Laboratory of Marine Environmental Science, Xiamen University
Department of Earth Sciences, National Natural Science Foundation of China
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