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Provedor de dados:  AgEcon
País:  United States
Título:  HEDONIC PRICES OF MALAWI BURLEY TOBACCO
Autores:  Samikwa, Duncan D.
Brorsen, B. Wade
Sanders, Larry D.
Data:  2005-01-07
Ano:  1998
Palavras-chave:  Crop Production/Industries
Marketing
Resumo:  Tobacco is notorious for being one of the most difficult commodities to grade. Here, we determine the implicit prices of various tobacco characteristics using a hedonic price model. The factors affecting the price received for burley tobacco include reputation of the producer, month of auction and lot size in addition to variables representing quality characteristics. Many of these characteristics can be controlled by producers through production, harvesting, and curing practices. The implicit prices should help farmers evaluate whether they should adopt processes to increase quality. In spite of the large number of factors included, only about half of the price variation across lots could be explained. Thus, the difficulty of grading tobacco is confirmed. Since a universally acceptable grading system is unlikely, any attempts to develop an electronic market will likely need to include pictures of the tobacco and may need more precise measurements of characteristics such as texture, aroma, and uniformity.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  15494

http://purl.umn.edu/34318
Editor:  AgEcon Search
Relação:  International Food and Agribusiness Management Review>Volume 01, Issue 01, 1998
Formato:  11

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