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Title: Food waste, date labels, and risk preferences: An experimental exploration
Abstract This study provides theoretical and experimental evidence that consumers adjust their premeditated food waste by date labels and their risk and loss preferences. The “Use by” date label leads to more premeditated food waste than “Best by” for deli meat and spaghetti sauce. However, changing date labels may not lower premeditated food waste relative to no label at all. Greater loss aversion correlates with higher premeditated food waste regardless of date labels and products. For participants with high loss aversion, they have higher premediated waste with no statistical difference in response for “Best by” and “Use by” labels. These results highlight the heterogeneous response to date labels.  more » « less
Award ID(s):
2115405
PAR ID:
10600494
Author(s) / Creator(s):
 ;  
Publisher / Repository:
Wiley Blackwell (John Wiley & Sons)
Date Published:
Journal Name:
Applied Economic Perspectives and Policy
Volume:
47
Issue:
3
ISSN:
2040-5790
Format(s):
Medium: X Size: p. 1029-1057
Size(s):
p. 1029-1057
Sponsoring Org:
National Science Foundation
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