Choice experiments for quality and sustainability in seafood products: empirical findings from United Kingdom

There has been a growing interest in recent years in the potential use of product differentiation (through eco-type labelling) as a means of promoting and rewarding the sustainable management and exploitation of fish stocks. This interest is marked by the growing literature on the topic, exploring both the concept and the key issues associated with it. It reflects a frustration among certain groups with the supply-side measures currently employed in fisheries management, which on their own have often proven insufficient to counter the negative incentive structures characterising open-access fisheries. The potential encapsulated by product differentiation has, however, yet to be tested in the market place. One of the debates that continues to accompany the concept is the nature and extent of the response of consumers to the introduction of labelled seafood products. Though differentiated seafood products are starting to come onto the market, we are still essentially dealing with a hypothetical market situation in terms of analysing consumer behaviour. Moving the debate from theoretical extrapolation to one of empirical evidence, this paper presents the empirical results of a study undertaken in the UK. The study aimed, amongst other things. to evaluate whether UK consumers are prepared to pay a premium for seafood products that are differentiated on the grounds that the fish is either of (a) high quality or (b) comes from a sustainably managed fishery. The results are presented in this paper.