HOME JOURNALS CONTACT

Journal of Applied Sciences

Year: 2007 | Volume: 7 | Issue: 9 | Page No.: 1339-1342
DOI: 10.3923/jas.2007.1339.1342
Preliminary Study on Willingness to Pay for Environmentally Certified Wood Products Among Consumers in Malaysia
Shukri Mohamed and Muhamad Lukhman Ibrahim

Abstract: Consumers are expected to demand and would be willing to pay a price premium for environment-friendly products stemming from the growing global environmental consumerism. While consumers in the developed countries are reported to be willing to pay a price premium for environmentally certified wood products, there is hardly any study on consumers’ willingness in other markets. This preliminary study examines consumer willingness to pay a price premium for environmentally certified wood products in Malaysia. Data were obtained using a self-administered questionnaire distributed to 100 systematically-sampled, mall-intercepted respondents. Results indicated that some 38% of the respondents would be willing to pay an average of 14.4% more for environmentally certified wood products.

Fulltext PDF Fulltext HTML

How to cite this article
Shukri Mohamed and Muhamad Lukhman Ibrahim, 2007. Preliminary Study on Willingness to Pay for Environmentally Certified Wood Products Among Consumers in Malaysia. Journal of Applied Sciences, 7: 1339-1342.

© Science Alert. All Rights Reserved