• Title/Summary/Keyword: reusable wreath

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A Study on the Validity and Benefit-Cost of Labeling System for Reuse Wreath (재사용화환 표시제도 도입 타당성 및 비용-편익에 대한 연구)

  • Heo, Seung-Wook;Yang, Sung-Bum
    • Korean Journal of Organic Agriculture
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    • v.28 no.3
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    • pp.335-346
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    • 2020
  • The objective of this study is to analyze the consumer perception of reusable wreath and present the considerations for introducing the labeling system, and to calculate the social benefits and costs of that. For this, We did an internet survey on the perceptions and willingness-to-pay for reuse wreath to 330 adults. As a result, only 56.1 percent of those who ordered wreath were found to check whether they actually arrived. 73.6% of the respondents had the willingness-to-purchase a reusable wreath if the price was reasonable, and 43.6% were in favor of labeling reused wreath as 'reused wreath'. The social benefits of introducing the reusable currency marking system are about 155,692 million won and the social cost about 43.52 million won. If reusable wreath are not recognized and purchased at the price of new one, economic and emotional losses of domestic horticulture farmers and consumers may occur. Therefore, related agencies will be able to expand sales of domestic flower producers and protect the economic and emotional benefits of consumers if they make efforts to establish and operate a reusable wreath labeling system.