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| Hopper, Jared A.; Peterson, Hikaru Hanawa; Burton, Robert O., Jr.. |
| Price-quality relationships for alfalfa hay were analyzed by hedonic pricing models using 1996-2001 Wisconsin auction data. Individual nutrients included in the analysis all affected alfalfa price, with acid detergent fiber accounting for the largest impact. Alternative pricing models, based on an aggregate quality index or detailed quality information, were similar in their ability to predict price. However, disaggregating price predictions to account for differences in relative feed value (RFV) and crude protein (CP) indicate that both RFV and CP are important determinants of price and that aggregating the two into a quality index is not warranted. |
| Tipo: Journal Article |
Palavras-chave: Aggregate index; Alfalfa; Auction data; Hedonic pricing models; Quality; Q11. |
| Ano: 2004 |
URL: http://purl.umn.edu/43462 |
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| Cotteleer, Geerte; Stobbe, Tracy; van Kooten, G. Cornelis. |
| Due to economic and population growth farmland and to a lesser extend other undeveloped areas are under pressure in the urban-rural fringe in British Columbia, Canada. The objectives of this paper are to determine if residential property values near Victoria, BC include open-space premiums for farmland, parks or golf courses, and to determine if using assessed values instead of market prices of the property result in the same findings. We estimate a Seemingly Unrelated Regression (SUR) model with two hedonic pricing equations, one with actual market values as the dependent variable and one with assessed property values, and compare the resulting estimates of shadow prices for open space amenities. Furthermore, we take account of spatial autocorrelation and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Hedonic pricing models; Spatial dependence; Assessed property values; Open space; Community/Rural/Urban Development; Land Economics/Use; R14; R52; C21; Q20; H23. |
| Ano: 2008 |
URL: http://purl.umn.edu/37085 |
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