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Trey Malone - Michigan State University. East Lansing, MI, US

Trey Malone Trey Malone

Assistant Professor | Michigan State University

East Lansing, MI, UNITED STATES

Trey Malone focuses on applying lessons from behavioral economics to increase agricultural productivity and efficiency.

Biography

Trey Malone joined the MSU AFRE faculty in 2017 as an Assistant Professor and Extension Economist, and is appointed in the tenure system. A native of Kansas, Trey earned his undergraduate degree from Rockhurst University. He commenced his graduate education at Oklahoma State University, where his master’s thesis developed economic modeling approaches for local foods systems. Trey also interned with the Federal Reserve Bank of Kansas City during his master’s degree. Under the advisement of Jayson L. Lusk, his PhD dissertation used the American beer market to test behavioral and experimental economic principles.

Trey has won multiple research awards, including the Outstanding Poster Award of the Land, Water, and Environmental Economics Section as well as the Graduate Student Paper Competition for the Institutional and Behavioral Economics Section of the Agricultural & Applied Economics Association (AAEA). Another of his research articles was selected by the editorial board of the Journal of Entrepreneurship & Public Policy as its Outstanding Paper of 2016. He has served in multiple leadership roles, including as Chair of the Brewing & Enology Economic Research Section of AAEA and Chair of the Institutional and Behavioral Economics Section of AAEA.

Trey’s extension program is titled “Behavioral Insights for Agri-Food Supply Chains” and focuses on applying lessons from behavioral economics to increase agricultural productivity and efficiency. His extension work has been featured at events such as the Great Lakes EXPO and the Great Lakes Hops and Barley Conference. If Trey isn’t in his office, he is likely exploring Michigan while he meets with stakeholders across the state.

Areas of Expertise (7)

Agribusiness Management

Food Policy

Consumer and Producer Decision Making

Domestic Food

Agriculture

Choice Modeling

Entrepreneurship

Accomplishments (3)

Graduate Student Paper Competition

Institutional and Behavioral Economics Section of the Agricultural & Applied Economics Association (AAEA)

Outstanding Poster Award

Land, Water, and Environmental Economics Section

Outstanding Paper of 2016

Journal of Entrepreneurship & Public Policy

Education (3)

Oklahoma State University: Ph.D.

Oklahoma State University: M.S.

Rockhurst University: B.A.

News (6)

Government restrictions on labeling products as "meat" aren’t likely to help anyone

Salon  

2019-10-09

Substitutes for traditional meat products have captured the attention of investors, the media and consumers. Plant-based meat options are showing up in grocery stores and on the menus at fast food chains like Burger King and restaurants like TGI Fridays...

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Government restrictions on labeling products as ‘meat’ aren’t likely to help anyone

The Conversation  

2019-10-08

Substitutes for traditional meat products have captured the attention of investors, the media and consumers. Plant-based meat options are showing up in grocery stores and on the menus at fast food chains like Burger King and restaurants like TGI Fridays...

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Trump Supporters Are Actually More Likely to Avoid Gluten, According to Study

Vice  

2019-10-03

In their paper, " Gluten aversion is not limited to the political left," Dr. Trey Malone and Dr. F. Bailey Norwood investigate how a person's political opinions might relate to (or even shape) their opinions about food products. "If an avoidance of gluten is a biological condition and not a social construct, there should be no correlation between political opinions and gluten avoidance," they wrote. "Our study uncovers a complex relationship between the social construction of gluten avoidance and the potential role of political views."...

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Trump Supporters More Likely to Identify As Gluten-Free: Study

New York Intelligencier  

2019-09-30

In recent years, gluten-free diets have been the subject of mockery from a certain type of American who thinks the country has gotten a little too soft. The kind of American who rolls his eyes at veganism and wears a necktie that looks like a slice of bacon. It’s the type of American embodied by Ron Swanson, Nick Offerman’s character from Parks and Recreation, whom the actor channeled in a 2015 NASCAR ad that goofed on gluten-free diets and drew an angry petition in response. How appropriate...

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Stress builds as Michigan farmers are ‘hit from all directions’

Bridge  

2019-06-25

Food and agriculture in Michigan is a huge industry, contributing over $101 billion to the state’s economy and employing over 900,000 workers. There are just under 48,000 farms covering roughly 9.8 million acres and producing about 300 products, making Michigan second only to California in diversity of products, said Trey Malone, an agriculture economist at Michigan State University...

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Craft beer industry helping to power Michigan’s economy

WKAR  

2019-03-14

Michigan State University has published a first of its kind study, published in the journal Beverages, that shows the respectable economic impact of burgeoning beer and craft beer's entire value chain on the state of Michigan.

Trey Malone, MSU agricultural economist, is the study's lead author...

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Journal Articles (5)

Consequences of participant inattention with an application to carbon taxes for meat products Ecological Economics

T Malone, JL Lusk

2018

Despite widespread use in nonmarket valuation, data quality remains an ongoing challenge for survey methods. One key concern is whether participants attentively respond to survey questions or whether they exert less than full effort. To determine the prevalence and consequences of inattention bias in surveys, we estimate how meat demand varies across people who do and do not miss trap questions. Using a split-sample design with discrete choice experiments for meat products, we explore three different trap questions to determine how many potentially inattentive respondents are identified by each method. We find that individuals who miss trap questions respond differently to the choice experiment than individuals who correctly answer the trap question. Inattention generates vastly different compensating variation estimates of a carbon tax, ranging from 3.56 cents per meal choice for the least attentive to 6.13 cents per meal choice for the most attentive.

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If you brew it, who will come? Market segments in the US beer market Agribusiness

T Malone, JL Lusk

2018

This article uses data collected from a large number of representative United States beer drinkers to identify potential market segments through consumers' taste perceptions of various beer brands. We use several well‐established marketing research methods to show that distinctive segments of the beer market underlie aggregate demand for craft beer. Using exploratory factor analysis, we find that consumers tend to group beers by two underlying factors of taste. We then use cluster analysis to provide a description of how market segments are influenced by brand familiarity. Overall, this article highlights consumer heterogeneity in the modern U.S. beer market and provides an example of how one might use primary data to analyze segmentation in a growing but highly competitive market.

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Taste Trumps Health and Safety: Incorporating Consumer Perceptions into a Discrete Choice Experiment for Meat Journal of Agricultural and Applied Economics

T Malone, JL Lusk

2017

Consumers implicitly incorporate their perceptions of products into their decision processes, yet little research has explicitly focused on how those perceptions influence demand for meat. This study incorporates taste, health, and safety perceptions into a discrete choice experiment for meat products at a grocery store. Our results indicate that taste is the most important perception as a 1-unit increase in the perceived tastiness (on a −5 to +5 scale) of a food product leads to a $0.60 increase in willingness to pay, whereas equivalent increases in perceived health and safety lead to $0.31 and $0.21 increases, respectively.

Putting the Chicken Before the Egg Price: An Ex Post Analysis of California’s Battery Cage Ban Journal of Agricultural and Resource Economics

T Malone, JL Lusk

2016

California legislation outlawed the use and sale of battery cages for egg-laying hens in 2015. While a number of ex ante studies projected the effects of the housing prohibitions, the ultimate ex post effects are unknown. Using a price series reported by the USDA, we study the movement of daily egg prices in California and the United States before and after the law’s implementation. Depending on the methods used, we find that Californians now pay between $0.48 and $1.08 more for a dozen eggs. The estimates suggest an annual reduction in California consumer surplus of between $400 million and $850 million.

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Brewing up entrepreneurship: government intervention in beer Journal of Entrepreneurship and Public Policy

T Malone, JL Lusk

2016

While previous studies have looked at the negative consequences of beer drinking often as a prelude to discussing benefits of laws that curtail consumption, the purpose of this paper is to understand the downside of such regulations insofar as reducing entrepreneurial activity in the brewing industry.

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